Tech hiring enters the Big Freeze

tech-hiring-enters-the-big-freeze

As the global economic downturn continues to deepen, many technology companies are reacting to fears of an incoming recession by putting the brakes on hiring.

While lowering payroll costs might seem like an easy way to reduce spending right now, the job landscape remains in a state of flux, with research showing that workers are just as pessimistic about the economic climate as their employers.

As a result, 60% of US job seekers say they feel more urgency to find a job now, before market conditions change for the worse. This could leave companies that have decided to stop hiring with a talent drain they are unable to plug.

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