"Companies that provide IT outsourcing and consulting are "scrambling to maintain their existing contracts" as companies try to reduce costs to prepare for the effects of tariffs, leading to hiring pauses and staff reductions in those firms, Janco said. A declining stock market has left companies fearing a downturn and therefore reticent to invest in new talent."
My buddy who has a consulting firm had a bunch of his accounts dry up because of this. I don't think people realize the impact of "fear" has on the market.
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