Recently my company announced a hiring freeze. In my past experience, this was one of the first signs of a company going under. But I’ve worked for companies that had hiring and wage freezes and fully recovered.
I was a little nervous because we are already understaffed on some accounts, and a few more people just gave notice, and these things can produce a chain reaction as remaining staff get burnt out or fed up with higher workload.
The thing that made me really nervous though is that our head of finance just resigned. He knows full well the financial situation of the company, and also that we can’t hire someone to replace him! Do you think this is a particularly bad sign, or am I reading too much into it?