So now they're tightening, but they aren't cutting into their core. As a result of these changes, businesses have seen a slight shift away from a tight labor market. Six months ago, people had a lot more options for changing jobs than they do now. Fewer employees today are embracing that approach. The lure and luster has come off the start-up market.
People are more worried about if a company has solid funding.
They also don't want to be the last one hired. While the employee market is still tight enough that talented candidates can snag stock options, higher salaries and a number of perks, money now is only part of the package. They don't want to be pigeonholed in one position. They want a company where they're challenged and able to try new things. Of course, all those considerations go by the wayside when the stink of a layoff or other uncertainty blows in the wind.