Big-name companies including Microsoft, Google and Meta are pumping the brakes on hiring, giving way to fresh concerns about an economic recession and job-market dive.
Allie Kelly understands the concern. She's the chief marketing officer at Employ, the parent company of several recruiting brands. But she says Employ's hiring data shows more of a"normalization" in the job market, where record-high job openings are beginning to level off to match labor supply. There are currently roughly two jobs available per unemployed worker.
"We're still seeing job growth on the whole," Kelly says."We haven't seen any demonstrable data showing there has been a true downturn."People have been quitting and negotiating for better jobs and higher wages at record rates in the last year, and workers know those pressures on employers won't last forever. In other words,"people are waiting for the other shoe to drop," Kelly says.
"As a recruiter, this is the most insane market I've ever seen," she says. She continues to hear stories from peers about candidates backing out of jobs days before they're set to start.To be clear, Lall-Perry has no hard feeling about her ex-company's layoffs:"It's the nature of a series A startup, so I knew in a sense anything can happen."
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