A perfect storm.
'It’s been a tough hiring environment anyway and it just got tougher', says Dee Symons, a managing director at executive search group Russell Reynolds. 'We’re in June so the next two months over the summer would typically be quiet for City hiring, Brexit or no Brexit'.
Ms Symons says that 'right now (executives) are mainly hunkering down and getting on with their day jobs rather than hiring'.
'The City is entirely about confidence and confidence has clearly been dented', says Philip Marsden, founder of Ridgeway Partners. 'The City recruitment market was already significantly in decline in the past 12 months and Brexit is likely to compound this slowdown'.
One recruiter told HITC: 'This is the perfect storm - job losses, summer holidays and now Brexit. The rest of 2016 looks like a washout for many City recruiters'.
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