Ours just fired everybody and moved roles to india, linked in posts for our positions but in India.
Here in the fintech/banking industry is not just frozen, but we have shed most of our contractors to protect jobs, and are giving fte engineers pay cuts
I assume this is in the US or UK?
UK employee of a US company, its happening in both, contractors are gone everywhere and the US side has been particularly brutal with pay cuts - 7-10% here and 20% cuts in the US (50-100% for VPs and stuff).