Hiring slump and faking the hiring market! Staffing firms unnerved...GCCs getting real with temp staffing, shedding million dollar tech leaders in India GCCs
Anil Ethanur ; Brilliant takes. 100% agree with you on the scenario around recruiters, recruiting firms and the mainstream GCCs and IT Services firms. I have been hiring for 5 SaaS products with global markets in Life Sciences tech, in my previous assignment with a 3500 people firm with multiple offices in India and the US, EU, etc. 2021, in market onboarding ~600. Attrition during the same time ~600. This kept 25 recruiters at various levels busy. Down to May/June 2022, the slump started to hit, client's enthusiasm to buy projects retracted and continued so and in OND of 2022, nearly all IT services, even product and SaaS firms started feeling the recession but no one dared say a word. 25 recruiters had foot on the gas but all those million interviews were not producing offers for simple reason; recession in the US, a clear case of being in denial mode! Companies with garrison full of internal recruiters continued to spend time in silence...decent firms, didn't lay off rec