Consulting firms continue to face challenges in the second quarter
Despite favorable calendar effects, growth remains low for consulting firms in the Nordics for the second quarter. The average growth was 3.1 percent, compared to 7.5 percent last year. However, this was a step in the right direction considering the negative growth in the first quarter.
The number of layoffs in the industry continues, and 70 percent of companies have reduced their number of employees. This is shown in Cinode’s latest summary of the Q2 reports from publicly listed consulting firms.