An article in today's TechFlash say that a large chunk (50%) of VC funded businesses in the area are looking to decrease their workforces in the coming months.
With funding WAY down, and most of these businesses not generating enough (or any) cash flow to support their current payroll, staffing has nowhere to go but down.
Just another example of what we've been projecting all along: we have more to go on the downside, before the labor market bottoms.
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