Hiring slump hits Gulf region |
| Recruitment in the Gulf region fell by 3% in the second quarter, reversing earlier growth, according to Cooper Fitch. The decline was most notable in software, sales, marketing, public sector, and human resources. Dr Trefor Murphy of Cooper Fitch noted that uncertainty has hindered broader hiring, stating: "Nothing kills growth like uncertainty." The World Bank has also reduced its GCC growth forecast to 1.3% due to regional conflicts. Despite the downturn, some sectors, like investment finance, saw hiring increases, with Murphy suggesting that the overall drop was not as severe as anticipated. |
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