Layoffs are normal and happen every year, and moreso during inflation. Hiring is still hectic. Every company and recruiter I know is trying everything they can

Layoffs are normal and happen every year, and moreso during inflation. Hiring is still hectic. Every company and recruiter I know is trying everything they can to find candidates. Our company is desperate to hire and we're nothing special. One of the reasons there's so much hiring going on is a bunch of emerging markets have entered the field and are looking to build tech products. Another is that the developed world is still awash in record corporate profits and have plenty of runway to fund new development. But there has been no huge push to get more bodies into the labor market in the past 4 years so the numbers are still too low. Add to that the onward march of retirement of old staff and we're going to be in a hiring crunch for a few more years. Companies might actually have to learn to be efficient / use a few staff to get more done