Factors that have Created this Whacky Job Market - Q1 2026 - Layoffs / Company Restructuring / Overhiring from 2020-2022
Following a period of aggressive hiring during and immediately after the pandemic, couple with artificial intelligence (AI) penetration into daily job functions, many companies have adopted a cautious strategy to hiring, leading to longer interview cycles and fewer openings for roles. In addition, layoffs in sectors like tech and logistics have contributed to a fear-driven market, lengthening hiring cycles and creating log jams in many companies, creating "job hugging" and lack of movement.
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