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US firms’ 2009 London financials highlight depth of market woes

"Transatlantic behemoths remain resolute" must be one of the most inaccurate summaries of a news story since the "It's only a scratch" headline on the day Oswald shot JFK. These firms panicked at the first sign of a downturn. Their biggest costs became redundancy pay and brown cardboard boxes. The Associates, Assistants, Paralegals and Support Staff got the chop. Now they're uniquely placed to be unable to respond to the upturn. Expect to see desperate recruiting once the corporate market picks up. The lessons learned from the last three years will be forgotten. Reporting like this helps them forget faster.

17-Apr-2010

11:56 pm