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For what it’s worth, I work for a smaller firm that has actually grown incrementally year over year since before COVID, and have not laid anyone off. I feel part of our success stems from our size and agility.
The independent contractor route is wonderful and profitable, but only if you have the book of business and can keep the pipeline full. We receive many applications from IC’s who are tired of chasing their next client or gig. So there is a trade off.
A third option would be to sign of with a staffing firm, but that’s an entirely different topic.
For industry comparison, we are a MM investment bank and M&A advisory firm.