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LinkedIn Data: Hiring Down 20% Since 2022, Company Blames Interest Rates Not AI — 'We've Looked and Honestly We Haven't Seen It'
LinkedIn's chief global affairs officer Blake Lawit confirmed a ~20% hiring decline since 2022 at the Semafor World Economy summit, but explicitly pushed back on AI as the cause: 'We've looked and, honestly, we haven't seen it.' LinkedIn attributes the slowdown to elevated borrowing costs forcing businesses into defensive hiring freezes. The careful 'yet' qualifier tacitly acknowledges that current AI systems may not have triggered mass layoffs, but the technology's still maturing.
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