Coronavirus will likely cause a massive hiring slowdown before the end of the first fiscal quarter, recruiting experts predict
Shares in the largest staffing firms lost about 20% in value over the last month due to coronavirus,Half of companies say coronavirus won't impact hiring beyond in-person interviews, according to a survey of 210 companies by recruitment non-profit
Job.com, which processes 2.5 million job postings a month, found no change in hiring or open positions in February from coronavirus. But that might be a "delayed reaction," said Arran Stewart, co-founder of Job.com. Kevin Grossman, an HR industry veteran and president of Talent Board, said the impact on hiring has so far been moderate and concentrated in Asia. As travel, hospitality, andcontinue to take hits from less consumer spending, Grossman predicted, hiring will slow and recruiting teams will get laid off.
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