man getting laid off and waving goodbye
Companies are lowering salaries for new hires, and recent layoffs are tamping down the power of remaining employees, recruiters say.
  • The hiring landscape for tech looks dramatically different than it did last year, recruiters say.
  • Amid layoffs and uncertainty, companies are taking longer to fill roles and offering lower salaries.
  • Call it the Great Reboot. "We're going to see a lot of shifts" this year, one recruiter said.

In late 2020, Keri B., a recruiter, was working with a professional-services company that was desperate to hire.