Challenger Gray & Christmas' report also found hiring plans in April were the lowest in more than a decade — and hiring plans for the first four months of 2024 were the lowest since 2016.
Additionally, recruiters say the job market has substantially changed in 2024 compared to prior years — with companies now seeing significantly more applicants per posting than they were back in 2021 or 2022.
Josh Millet, CEO of hiring-software firm Criteria Corp., recently told The Playbook. “I do think it’s a sign of a significant shift in a really imbalanced scenario, where all the power was in the hands of job seekers to a more balanced picture now,” Millet said.
https://www.bizjournals.com/kansascity/bizwomen/news/latest-news/2024/07/layoffs-workforce-2024-employers-employees-job-cut.html