Consulting and investment banking firms seem to be reducing recruiting efforts from last year's peak. Some companies trimmed their on-campus interview schedule in the fall, cutting the number of fall interviews offered by as much as a third. Recruiting is still above average but not as much as last year. With dot-coms fading, it's almost a cannonball.
Venture capital slows down, which hurts the ad industry.
This is going to contribute to the amount of jobs out there. The e-mail did not offer greater detail on the reasons for the cancellations. Murray said some cutbacks may be a result of companies' shifting interviewing resources to the spring cycle. Merrill Lynch, for example, has scheduled spring interview sessions for the first time this year, she said. Shifting recruiting efforts to the spring gives companies greater flexibility by allowing them to make hiring decisions later in the year.