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I think we are all probably close to level setting on forecasts for the year. If clients or money are less than forecaster, we’ll probably all revisit budgets again around end of year.
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I always wonder if those National job reports pertain to (insert sector of choice) …
I’m in advertising, and last summer, when I was laid off, I had a tough time connecting with full-time work because 1) a lot of clients were tightening budgets and 2) more than half the remote jobs I’d applied for were transitioning into a return-to-office scenario. Which would have been fine if I was interested in moving (on my own dime). But I wasn’t.
i think it’s just starting for some industries
I think we have more to come depending on the industry. We haven't really seen the dump yet.
Lots of layoffs right now are due to projections that pre-supposed less attrition than really happened, combined with a clearer picture of end of 2023.
Talent markets are still relatively tight. Less overall movement means companies don’t know where they really stand. Key roles will still see demand, with final airs being ultra strict in vetting. We have also yet to see that many executive departures, which can fuel a lot of movement.