I haven't heard much this year in New Zealand but '21/'22 was pretty bad for Xero and a handful of smaller companies. But overall companies here didn't see the insane 2020 growth of American firms. Hiring has slowed across the board, hugely.
Yeah I would say the same thing. Slower hiring overall but less big layoffs. I'm a contractor and haven't had much of a shortage in work for a while now, but we did have a big contract drop off in 2022 when the company went through a double-digit layoff.