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I am a recruiter here. I've seen jobs put on hold but not yet heard of layoffs.
When a job is out on hold, is there ever an internal plan like "we will need to hire to fill this by x date" or "we can hold off on this position indefinitely"? Just more curious as to what the on hold pipeline is like and how it moves.
I have found that if I am given a timeline by the hiring manager, a job often comes back on that timeline. No timeline, this fan mean the death of a job.
That's actually a pretty concrete piece of evidence. I didn't realize, for some reason, that hiring managers had say in timelines. I thought it was all HR driven.
Seems to be effecting the indie shops most drastically so far. In the last week I’ve heard three agencies cut their workforces by 25%, 60% and 80% respectively. This is only the start.
Which agencies?
We are a small a small hospitality agency that had to cut 25% staff. That was rough.
No one knows how to prepare for this.
Yep, layoffs yesterday and today at my MDC held agency