Companies thought they’d be able to get a discount on labor due to FAANG layoffs that mostly impacted non tech roles. There is no labor recession, so no discount to be found for senior talent, but companies are still tire kickers waiting for that undervalued unicorn to land in front of a hiring manager. Expectations take the elevator up and the stairs down.
My Linkedin feed was full of Google, Facebook, and Amazon non techs getting axed, I'll need to look through https://layoffs.fyi/ to see how accurate my statement is.
