I think the global economy is going into recession. Major global economies, such as Germany, Japan etc., went into recession this year and the chances are that many other countries will follow suit. The other reason might be that companies are laying off employees because they are looking to cut their expenses and increase profit. They might prefer quality over quantity. With China's economic slowdown and news about the NATO-Russia war (probably a bluff), things can go south in the coming months.
Maybe for developed countries, as some you said, they won't be too affected by the recession if they only want to change quality rather than quantity, with the aim of only wanting to make bigger profits. Because currently they are still accepting workers from developing countries to be employed in their country. Does that mean they just want to change the payment system for their citizens, which may already be high, to new employees from developing countries with cheaper wages? So there is no such thing as a recession, but they want to continue to be able to produce good quality with wages that can possibly be reduced, thereby producing more profits, but many of the citizens are not being accommodated by replacing workers.