What seems clear by now is that this is truly harming economy, and in the next weeks we will see whether we are heading to a global economic recession.
If this is the case, and we indeed face a global recession -even if not as hard as the previous one-, this will have an impact in consulting. Why? Simply because there would be less clients, less engagements with the usual clients, and an overall freeze in spending.
This, for sure, will impact recruiting, reducing the classes of BAs and Associates for a couple of years, hence, different scenarios:
- Once the offer is extended, it would be EXTREMLY rare that it gets rescinded. If so, I see more feasible that it gets postponed
- If you are interviewing, it will mostly keep running but only in VC
- If you are not yet in the interviewing pipeline, it very much depend on different geographies, but it´s likely that it will be postponed until further notice, when we all know more about this
Hope it helps!