Alain Tanugi On Banks Hiring Plans Following The Credit Crunch
February 21st, 2008
Alain Tanugi, Chairman, TRANSEARCH International Partners, was recently interviewed on CNBC’s Headhunting Report with Ross Westgate. Following the credit crunch Alain provided his opinion on banks hiring plans.
Asked how the financial services were reacting to the credit crunch Alain replied ‘Some of them have put a total freeze on their hires.
Others are just pursuing already long assignments for certain fields. But, for the more hurt fields and sectors they are on the layoff approach or on a total freeze just waiting to see exactly what is going to happen to the markets in the near future’.
Alain is reasonably hopeful for 2008, suggesting that other sources of revenue for the major financial institutions will provide a buffer and lead to a continuity in the flow of hiring.
Entry Filed under: FINWIRE®
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