State of the Market

[ladymuck]

HSBC to shrink investment bank and cut 35,000 jobs after profit slump
Not great news for any IT Contractors left there!

That's permie jobs, cutting the official headcount. Yeah some contract roles will go but they won't make up the bulk of layoffs

[ContractorHardman]

That's permie jobs, cutting the official headcount. Yeah some contract roles will go but they won't make up the bulk of layoffs

Contract roles have already gone.

[Dhrucku]

Contract roles have already gone.

They'll be back in a different form.

Most likely highly paid FTCs

[NeedTheSunshine]

They'll be back in a different form.

Most likely highly paid FTCs

I like the optimism

[OntheBenchin2020]

They'll be back in a different form.

Most likely highly paid FTCs

Most likely umbrella resources on poor pay and with no employment rights.

[edison]

I can't speak for CIO's and the interim-Management side, for Directors of Engineering/CTO's the market is ablaze and has been since the election.

That's interesting to know. Maybe it's indicative of a big push in hiring across senior management/technical roles, which would be encouraging in a broader market sense.

[rogerfederer]

I like the optimism

Reminds me of:

No Rights Employee

[PerfectStorm]

They'll be back in a different form.

Most likely highly paid FTCs

I like the optimism

I'm entertaining just such an FTC as we speak.

Might not get offered though

[tsmith]

I'm entertaining just such an FTC as we speak.

Might not get offered though

Went for an interview for FTC once. Was asked - "where do you see yourself in 5 years?"

Well probably not here as its a 1 year FTC.

FTC = we dont want to pay for a contractor but we want all the benefits of hiring and firing someone as soon as the project finishes.

[Paralytic]

Had an email exchange with my accountant to tidy up some stuff in advance of the tax year end. Direct quote as part of our conversation relating to IR35 and the impact on the contracting industry:

"...the amount of companies closing is unbelievable..."