Boston Recruiters Feel the Pinch

Executive recruitment revenue at Boston’s 25 largest executive search firms dropped to $128 million last year, compared with $134 million for 2007, according to the Boston Business Journal.

The article quotes Dave Sanford, the executive VP of client services at recruitment firm Winter, Wyman & Co.

“Clearly we, like everybody else, have been feeling the downturn. It’s been pretty significant. What obviously happened in October is that [companies] put their heavy right foot on the break pedal all at once. Everything took a precipitous drop,” said Sanford.

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He noted that Winter Wyman’s executive search revenue actually rose 12% to $20.8 million in fiscal 2008, which ended in September. However, business was down between 30% and 40% year-over-year for the last three months of 2008.

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.

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