[jake_morrison]

It's a bad market, probably the worst since 2000. Some of this is overhiring and zero interest rate behavior coming to an end. Companies are shifting from prioritizing growth to profitability. There is also a lot of asshole behavior. They are laying people off to please Wall Street, not because they need to for financial reasons. And they are doing layoffs in extremely callous ways, e.g., right before Christmas.

My daughter's data engineering team in finance was reduced from five to two, and they are not giving raises that match inflation. She is almost singlehandedly responsible for servicing million-dollar accounts. It's not like there isn't money.

There is also a lot of hiring of remote people outside the US. The companies figured out how to do remote work during Covid, and they are using it to reduce costs.

Things will probably improve in the next year, but it will be rough for a while.