Agree the impact can be huge and implications can be far reaching. I personally know of someone in-land candidate in senior role (with highschool, college going kids) has been invited to apply for PR, he has paid all fees and now things are on hold. He is completing his assignment, he is on ICT which is closed visa. He cant quit this organization as other companies cant hire him. WHAT NEXT??? He cant apply for any other visa, student visa and start studying because then your current PR process will be stalled.
I am also holding on, but dont know for how long if the economy doesn't improve, companies are already squeezing the onsite headcount...
anyways guy just didnt want to sound negative, just expressed what the implications can be...
Like everyone can only keep praying and hoping things improves quickly...