72. Recruiting in a recession (episode 28 rerun)
Description
Since there is still lot of talk about a recession looming, we thought we'd reply an episode recorded last year in June when there was lots of talk about a recession as well and how should you as a recruiter handle this.
In this weeks episode Bas is joined by Kelly and Sofia to talk about recruiting in a recession or downturn.
First we'll talk about the question is a recession is imminent. The short answer is: it seems that way but it won't be as bad as we've seen before because there are still so many jobs.
Then we talk about what to do in these times if you are still hiring. Do you hunt people in companies in turmoil? What can you expect from people on the 'let go lists' and how has this world changed over the past years.
The short answers are: it's changed a lot and Sofia has, as always, good insights from a practitioners stands.
News items that come up are:
Elon Musks's return to the office: https://www.bbc.com/news/business-61666339
Layoffs at so many companies:
Klarna: https://www.bloomberg.com/news/articles/2022-06-01/klarna-ceo-s-linkedin-post-hailing-fired-staff-divides-opinion
Getir: https://www.freightwaves.com/news/getir-laying-off-thousands-of-workers-cutting-expansion-plans
TomTom: https://www.businessinsider.com/tomtom-gps-navigation-tech-layoffs-employees-maps-unit-2022-6?international=true&r=US&IR=T
Layoff tracker by Techcrunch: https://techcrunch.com/tag/layoffs/?guccounter=1