These big companies laying off 1000s. They've been known to overreact to events in the past. Give it 4 or 5 months and some places will be desperate for bods to sort out their neglected systems. Ok, some places may not survive and fold. But my guess (and it can only be a guess) that the contracting market will pick up in the New Year. Unless the system totally self-destructs of course!
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Anyone else get the feeling?
Collapse
X
-
Anyone else get the feeling?
Speaking gibberish on internet talkboards since last Michaelmas. Plus here on Twitter -
The general wave/cycle will always point down, then go back up.. it's the same as the housing market.
I do share your view though that once systems begin to crumble, or lose competitive advantage, budgets will start to be authorised again.The cycle of life: born > learn > work > learn > dead. -
In the '92 recession banks laid off too many staff. They had to recruit and train from scratch in order to grow their businesses years later, and it cost them dearly. This is why they were cautious in the 2001 dip, and they have been cautious so far this time so far, just trimming the fat.
Well now it's clear we're all going to hell in the proverbial handcart the downsizing has started and it is going to be brutal. 75,000 from Citigroup, who next? Some very good people are going to be put on the scrapheap, and the recovery will be too far off to help them. This time the banks aren't worried about future growing pains, they're just clinging on for survival.
Well that's my gloomy outlook anyway!Cats are evil.Comment
-
Originally posted by MrMark View PostThese big companies laying off 1000s. They've been known to overreact to events in the past. Give it 4 or 5 months and some places will be desperate for bods to sort out their neglected systems. Ok, some places may not survive and fold. But my guess (and it can only be a guess) that the contracting market will pick up in the New Year. Unless the system totally self-destructs of course!Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
-
Originally posted by MrMark View PostThese big companies laying off 1000s. They've been known to overreact to events in the past. Give it 4 or 5 months and some places will be desperate for bods to sort out their neglected systems. Ok, some places may not survive and fold. But my guess (and it can only be a guess) that the contracting market will pick up in the New Year. Unless the system totally self-destructs of course!
I would give it at least a year (so would say 2009 would still be quite in deep tulip) before they realise the disasters they have made, fire a few big heads and then start again in the opposite direction hiring even more than needed.I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.Comment
-
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment