A survey of GCC companies has revealed that 53 percent had already implemented a freeze on hiring with a further 17 percent planning to do so in the coming months.
The survey on the impact of the global economic slowdown was undertaken by Dubai-based international HR consulting company ORC and around 150 companies responded to the survey from across a wide range of industry sectors with operations throughout the Gulf region.
The survey comes as thousands of employees across the region have fallen victim to the economic slowdown, especially in the real estate and construction industries.
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