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Same thing happened to us last week. We were mid-interview with a solid candidate when the req was closed without notice. It is frustrating because the workload hasn't decreased, but we are being told to 'do more with less' while the roadmap shifts underneath us. The lack of transparency from leadership is the worst part. It feels like they are keeping us in the dark to avoid a formal headcount reduction announcement, but the writing is clearly on the wall. Just keep your head down and start quietly updating your resume, because this silence usually precedes a larger round of cuts.
I’ve been tracking the internal shifts lately, and it definitely feels like they are hunkering down for a rough Q3 and Q4. Budgeting has become incredibly rigid, and any non-essential project is being shelved to protect the margins. It’s a standard corporate maneuver when the numbers start looking soft. If your project isn't directly tied to revenue growth or a major product launch, it’s going to be on the chopping block. Use this time to document your wins, but don't count on those backfills opening back up anytime soon. It is a waiting game now.