Coronavirus will likely cause a massive hiring slowdown before the end of the first fiscal quarter, recruiting experts predict

Few companies have halted hiring amid the coronavirus outbreak — but recruiting experts say that might change.Though the US added more than 270,000 jobs in February, staffing firms lost about 20% in value over the last month, according to Staffing Industry Analysts.Experts say there might be a “delayed reaction” to coronavirus’ impact on hiring, and…

Coronavirus will likely cause a massive hiring slowdown before the end of the first fiscal quarter, recruiting experts predict

Few companies have halted hiring amid the coronavirus outbreak — but recruiting experts say that might change.Though the US added more than 270,000 jobs in February, staffing firms lost about 20% in value over the last month, according to Staffing Industry Analysts.Experts say there might be a “delayed reaction” to coronavirus’ impact on hiring, and layoffs and hiring freezes will increase if the virus doesn’t slow down.Visit Business Insider’s homepage for more stories.

The coronavirus spread has halted travel, trading, and maybe soon hiring.Coronavirus, which first spread from China in late December, has infected more than 100,000 people so far and spread to every continent except Antarctica. Although most cases are still in China, the outbreak upended business around the world, leading to a stock market plunge, countless work-from-home mandates, and many colleges and universities switching to remote classes.In response, United Airlines announced it would freeze hiring until the virus stops spreading, and firms including Google and Facebook have limited on
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