From LinkedIn

Even with recent layoffs across several industries, and fears of an economic downturn, many companies are both actively hiring and trying to retain employees. This “job-market riddle,” says Bloomberg, comes as companies hoard talent in case a recession leads to labor shortages and shrinking talent pools — problems many industries faced at the start of the pandemic. While global unemployment is still likely to rise over the next two years, payrolls will mostly “stay healthy” as companies try to attract and retain talent in anticipation of stronger economic conditions.

• White-collar workers are most likely to experience layoffs in the coming months, as the pandemic led to over-hiring in industries like tech, finance, banking and real estate.

Tech giants and banks are already cutting workers, but many employers seem desperate to keep hiring.