QuadPlay and Beyond

The apparent slowdown in the US economics is starting to show its face in the hi-tech industry. From one hand, share prices are going down and on the other, there is a destinct decline in HR recruitment, especially for executives.

Here are two examples:

• On Feb 8, Cisco’s CEO John Chambers provided his troubling forecast for a slight drop in growth for Q3 and Q4. Since than, Cisco has declared a freeze in most recruitments worldwide.
• As usual, Amdocs froze all recruitments towards the end of 2007. However, Amdocs management has not released the leash yet and only selective recruitments are approved.

Discussions with several leading HR agencies in Israel reveal that there has been a decline in recruitments, and especially of executives in VP positions, all over the hi-tech industry affecting small startups as well as large public companies.

Want to share your recent trouble in finding a job? Add a comment below.

This entry was posted on Sunday, March 2nd, 2008 at 10:37 am and is filed under biz. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.