MORE BIG COMPANIES BET THEY CAN STILL GROW WITHOUT HIRING

Summary from the TLDR newsletter

Companies in the US are increasingly making the calculation that they can keep the size of their teams flat, or even shrink them, without harming their businesses. Part of this is the belief that artificial intelligence will be used to automate more processes, but companies are also hesitant to make moves in an uncertain economy. The widespread caution in hiring is frustrating job seekers and leading many employees within organizations to feel stuck in place. Operating with fewer people can pose risks for companies by straining existing staff or hurting efforts to develop future leaders.