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Layoffs Have Stopped. So Why Isn't Anyone Hiring?

October 2, 2026 by
Layoffs Have Stopped. So Why Isn't Anyone Hiring?
matt@mjlrandc.com
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The current job market is confusing enough that I haven't seen anyone fully nail what's actually going on. But a few things are becoming clearer, and none of them are simple good news or bad news. They're both at once.

The Layoffs Have Stopped

That's the good news, as far as I can tell. The wave of layoffs that's defined the last couple of years appears to have leveled off.

But Business Owners Are Frozen

The bad news: a lot of business owners are operating from a place of fear right now, and fear is paralyzing. Companies know they have gaps that need filling, but many aren't making moves at all. I was talking recently with a friend who's well-connected at FedEx. Every role there is currently on hold. Nobody seems to know exactly why. It's not a statement about any particular administration or policy. It's a general sense that business owners don't feel confident enough to commit to decisions right now. That's not a great sign for job seekers heading into the rest of 2026.

Nobody Knows What AI Changes Next

Maybe the biggest factor of all: companies are still trying to figure out exactly what AI can and can't handle, and that uncertainty is making hiring decisions harder, not easier. Why hire someone into a role that a few more advances in AI could make redundant? On top of that, there's been recent buzz about humanoid robots reportedly being close to market-ready. Where that leaves hiring in the next year or two, nobody actually knows yet. Anyone claiming certainty on this point is guessing, myself included.

AI is already reshaping hiring from the other direction too. More companies are leaning on AI-driven screening tools before a resume ever reaches a human recruiter, which means a lot of genuinely qualified candidates are getting filtered out before anyone reads their story. Resume optimization isn't optional anymore; it's a baseline requirement for getting seen at all.

What This Means If You're Job Searching

Applying online still has some value, but I wouldn't rely on it as a strategy. I recently applied to about 40 jobs myself as a test. Five rejections landed within 24 hours (each claiming the role had just been filled), and the other 35 have gone completely silent. That's the reality of the applicant-tracking-system pipeline right now.

Your network is still the strongest lever you have. Look for local networking events where the people who can actually help you are showing up in person, and be there. And be patient. Right now, the job search is a marathon, not a sprint.

Where This Is Headed

A few predictions, for what they're worth:

  • Hiring stays slow but steady. Roles will keep taking longer to fill, but hiring won't grind to a full stop. Companies that run an efficient process will win the best talent that's still available.
  • Compensation strategy gets more creative. Expect more performance-based bonuses and flexible benefits as companies look for ways to compete on total package without moving base salary as much.
  • AI's role in hiring keeps expanding. The companies that use it well, without losing the human judgment in the process, will have a real edge over the ones that either ignore it or over-rely on it.
  • Job seekers need to get more strategic. Tailored applications, real networking, and adaptability will separate the candidates who land offers from the ones stuck in the applicant black hole.
How I Can Help

Beyond fractional support, I also run full-cycle recruiting engagements: defining the role, building the candidate profile, sourcing and screening, managing interviews and debriefs, extending offers, and handling background checks. And if your internal process itself needs work, I consult on that too: streamlining your process, identifying gaps, building interview scorecards, and training interviewers to run a tighter, more consistent process.

If either of those sounds like where you're at, reach out here and let's talk.

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Why 40 (or more) Easy Applies a Week Isn't a Job Search — It's the Appearance of One