US firms stall recruitment

US companies plan to curb their hiring in the fourth quarter of the year, according to two surveys released by professional staffing firm Robert Half International.

US companies plan to curb their hiring in the fourth quarter of the year, according to two surveys released by professional staffing firm Robert Half International.

The firm’s survey of chief information officers (CIOs) found that 6% plan to expand their information technology teams in the fourth quarter and 6% plan to cut staff. In the third quarter, CIOs had estimated a net increase in hiring of 2%.

More than eight out of 10 (86%) CIOs said they expected no changes in personnel levels.

In another survey, Robert Half International found that 4% of chief financial officers (CFOs) plan to take on additional finance and accounting staff in the fourth quarter while 10% forecast cuts, a net decrease of 6%. This compares with a forecast net decrease of 3% for the third quarter.

The survey results were based on the responses of more than 1,400 CIOs and more than 1,400 CFOs from across the US.

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