Consultants Try Downsizing, Diversity to Survive
ORGANIZATION & MANAGEMENT
NEW YORK--Financial technology consulting firms are feeling the pinch of their clients’ lighter pockets and are trying every strategy from downsizing to diversifying into other verticals to stay in business.
The consultancies concur that shorter-term projects focused on cutting costs are "in," while long-term business-expanding engagements are "out." Teaming up with other vendors or consultancies helps to widen the pipeline. There are nearly daily examples of the tight market for consultancies.
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