As Wall Street takes a hammering, will Australian firms put up their own ‘no vacancy’ signs?
The Australian franchises of US investment banks may be hurting the most, but will hiring also be hit at the locals?
Recruiters reckon that Aussie-bank hiring slowed down anyway in July and that the Wall Street crisis hasn’t made much of an impact yet. There are no signs that the domestics are making layoffs or even freezing headcount in the wake of Wall Street’s troubles.
Despite the latest round of Macquarie-bashing, the bank is still hiring. Recruitment restraint at Westpac and ANZ seems to be more to do with the St George merger and firm-wide restructuring respectively than the news from New York.
But for how long will Australian jobs remain decoupled from the current US financial crisis? Tell us all below.