8 Comments
 

This was a lever that professional services firms (banks, law, consulting) pulled during the financial crisis.

Result of not having enough work for current employees let alone new heads. Could be due to over hiring or lack of market activity, or both.

Not a great sign of financial health but was most often exactly what it’s called - delayed start. The most battered firms did push back further and/or materially cut the classes.

 

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