Despite Layoffs, It’s Still a Workers’ Labor Market

The recent layoff announcements at Google, Amazon, and Microsoft impacting a total of 40,000 employees have many worried about the job market. Ever since April of last year, I’ve seen an explosion in headlines about layoffs and warnings about the labor market being weaker than it appears. One recent headline asked “Are we on the verge of a tsunami of layoffs?” But these headlines don’t align with what I, as a recruiter, am experiencing on-the-ground or even official labor market statistics.