Future Industry Turnaround Requires Preparation Now

The current market downturn has resulted in significant reductions in the head counts of service companies. As fallout, the “big crew change” that the industry has been anticipating for years might happen a little bit sooner than expected. When markets recover, it is unlikely that companies will be rehiring the people that left the organizations in the first place. Some people have moved to other industries, while others have chosen to retire.