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Comments (2)
It is definitely happening across the board. I have seen the same thing in my division with open requisitions being pulled and travel requests getting denied by finance that would have been auto-approved a year ago. It feels like they are tightening the belt ahead of the next quarterly earnings report. Whenever leadership starts using those buzzwords like 'operational efficiency,' you know the budget axe is swinging somewhere, and contractors are always the easiest targets to prune first to make the numbers look better.
Same boat here. Honestly, I think they are just playing it safe given the current market volatility. I have had to push back several site visits recently because the travel authorization process has turned into a total nightmare of red tape. It is frustrating, but given the macro environment, I am not surprised they are reining in spending. Just try to keep your head down and stay productive; usually, these cycles last a couple of months before things normalize again, so do not panic yet.