The Hiring Freeze

While the global ecomony’s been going downhill for more than a year now, the management consulting industry had actually stayed somewhat insulated, thanks to the nature of longterm contracts and ongoing projects. But that’s changing. Watson Wyatt says 23 percent of all U.S. firms plan layoffs this year, and some of those firms are consultancies. In fact, some industry giants like Unisys have already reduced headcount. In this environment, layoffs are inevitable, but does that mean firms have turned off the recruiting spigot and capitulated in the war for talent?

By Jacqueline Durett

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