Hiring Freeze in NYC?
Hearing that some of the big shops in NYC (CBRE/JLL/Cushman, etc.) have been on a hiring freeze since Covid last spring. Does anyone have any insights on this and if this is still going on?
Hearing that some of the big shops in NYC (CBRE/JLL/Cushman, etc.) have been on a hiring freeze since Covid last spring. Does anyone have any insights on this and if this is still going on?
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I doubt they are still on the full hiring freezes they put in place back at start of COVID (when they also did layoffs). I just searched CBRE, many NYC openings, so not a freeze there.
That said, transactions are down big time in NYC (and elsewhere), so I doubt brokerage teams are going to try and "staff up" until they get more deal flow to justify. There are reports of a lot of renewed activity last few months, so maybe that situation is upon us.
JLL and C&W have each posted openings for analysts/associates in NYC since the new year has started. A JLL MD actually even posted it on his personal LinkedIn account. So definitely not at a full on freeze. Economy/hiring is still slow - the Q1 number for NYC deal flow was pretty lackluster and until that picks up, no one in brokerage is going to want to add to their overhead.
Eastdil is hiring right now in NYC. I've also seen a C&W posting for the EDSF (Equity, Debt, and Structured finance) team.
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