The worst thing about this (coming) recession is that it will mainly affect the financial sector that has been so far the driving engine of the boom in IT contracting.
If companies can't make profits, then there is no pot for re-investment in new projects.
It will all be BAU and this will be taken care by the permie staff. Contractors are normally used in one-off situations.
Anyone earning more than £ 500 p/d will be in the firing line to take the first shots. Justifiable or not, if the costs start mounting, then the axe may fall. Anyone else that is assigned to a non-critical or iconic or whatever-else-is-called project is next.
There will be blood....
If companies can't make profits, then there is no pot for re-investment in new projects.
It will all be BAU and this will be taken care by the permie staff. Contractors are normally used in one-off situations.
Anyone earning more than £ 500 p/d will be in the firing line to take the first shots. Justifiable or not, if the costs start mounting, then the axe may fall. Anyone else that is assigned to a non-critical or iconic or whatever-else-is-called project is next.
There will be blood....
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