Accountancy firms halt recruitment as credit crunch takes toll

Over half (57%) of the top 100 accountancy firms say they are going to decrease or keep staff levels the same next year, according to recent research by web recruiter cvmail. Whilst only 5% of accountancy firms said they actually intended to cut headcount, this nevertheless represents the first pause in growth since since 9/11.

“The effect of the credit crunch on top accountancy firms has been felt in a slowdown in corporate finance work and may feed through into consultancy work,” said Andy Eddleston, commercial manager at cvmail.