More than Half of Global Finance Executives Are Canceling Recruitment or Freezing Hiring

More than Half of Global Finance Executives Are Canceling Recruitment or Freezing Hiring

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.

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