After the pandemic, P&L leadership functions moved abroad as well. A lot of mid-level management on visas were laid off during 2020-21 during the depth of COVI

After the pandemic, P&L leadership functions moved abroad as well. A lot of mid-level management on visas were laid off during 2020-21 during the depth of COVID, and this had to return. Now, the SVP for a core Engineering Org or your PM Director owning an entire BU might be in Bangalore, Tel Aviv, or Cluj. If ICs to mid/upper level leadership are in the foreign office, it doesn't make as much sense to keep hiring domestically for Product or Engineering roles.