TEAM is trading down today after reports surfaced that the company halted hiring for engineering and technical roles as of early February 2026.
- The hiring pause includes stalling final-stage interviews and failing to formalize verbal offers, signaling a strategic shift toward cost management.
- Management's decision reflects broader market pressures from AI disruption and macro headwinds currently weighing on software profit margins.
- This pivot contradicts earlier 2025 statements regarding aggressive expansion, highlighting the company's response to increased stock pressure and growth outlook challenges.