City Recruiters Begin To Feel The Pinch

You'll rarely hear a City recruiter admit that life is anything but grand, of course, but some are suggesting that the subprime blues is beginning to impct their businesses and that it has started to get a bit quiet on the recruitment front.

One senior recruiter told us that 'it's got a lot quieter a lot earlier this year. The investment banks are clearly suffering and, in many case, laying off staff. We all clearly hope that firms will push the recruitment boat out again early next year, but permanent recruitment is generally a lot tighter now'.

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'Clearly, things start to calm down towards the end of the year, as thoughts turn to bonuses. However, it's true that the permanent market has fallen away somewhat earlier this year'.

'The temporary market remains busy - in fact, as firms hire temps to get around perm headcount freezes, this market is probably the busiest that its been this year'.

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