Correct. This is also the reason why job postings arent as high as they were during and after COVID. During COVID we had “the great resignation” which meant that people were leaving companies to find better pay after 2020 so companies had to “overhire” to account for the poor retention.
This is what a buddy who works at a major consulting firm told me about the hiring trend, we are returning to all the pre-COVID hiring norms.
This is what a buddy who works at a major consulting firm told me about the hiring trend, we are returning to all the pre-COVID hiring norms.