[HIGHLIGHTS] Companies are hiring significantly fewer staff – “job cuts are imminent”

The employment barometer fell to 94.9 points in February, after 95.5 points in January. This is the lowest level since February 2021, when the corona pandemic kept the economy under control.

“The weak economic development is making companies hesitant about hiring new employees,” said the head of the Ifo surveys, Klaus Wohlrabe, commenting on the development. ‘The loss of jobs is no longer ruled out,’ he said. However, the willingness to hire IT service providers and consultants remains unbroken.