Putting a freeze on hiring is the top action finance executives worldwide are taking to reduce costs amid the pandemic, according to May 2020 data from Gartner. 

In the survey of 161 global finance executives, 65% said they plan on suspending hiring for roles that already have potential candidates, while 57% are suspending hiring for completely new roles—a 25% jump from Gartner’s March polling—and about a third are furloughing staff.

Read more: 

• Bank of America, Citi, Chase, and Wells Fargo Have Shifted Employees to Deal with Defaulted Loans
• Twitter and Other Companies Allowing Employees to Work from Home Indefinitely Will Need to Adopt Additional Technology
• To Boost Retail Sales, Merchants May Need to Develop Plans to Operate in a Cycle of Closing and Reopening

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