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11/3/2022
is just general nervousness and outlook on macroeconomic conditions is making people adjust their hiring for perhaps the rest of this year. So that would certainly have an impact on the background screening industry as a whole.
Right. And you mentioned that certain verticals like healthcare, transportation, they're outperforming and doing really well. Are there any particular verticals that are doing less well and are lagging in performance?
So the one we highlighted was technology. And it's interesting because as I said on the call after Q2, we weren't, even though there were reports in the media that technology was going to slow hiring, we were not seeing that in our volumes in the second quarter. But in the third, in this quarter reported, we started to see a slowdown in ordering patterns. Again, across the board, I would tell you, all the major technology players are clients of ours. and every single one of them had dips in their volumes.
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