[andrewl-hn]

Perhaps, their own hiring pipeline is suffering, too. With most companies out there cutting internships and hiring of people with no experience "because AI will replace them" for the past 2-3 years we probably having a large dip in number of prospective candidates with 2-3 years of experience today.

Historically, these candidates have been the hiring sweet spot: less risky than brand new engineers, still small enough experience to efficiently mold them into your bespoke tools and processes and turn them into long-term employees, and still very cheap.