Just lost my job and it’s so depressing seeing stuff like this every single day. 400+ applications and you don’t even get a call anymore. Nothing from recruiters. When you do get an offer, its 20% lower pay than ever before, while cost of living goes up. So you have to engage in borderline indentured servitude just to eat and pay rent.
I never thought about this but yes, this is why networking is super important. It is said that about 91% of hirings are through network. And speaking from practical experience, I can corroborate that most of my jobs had been from connections. I distinctly remember my first proper job in my field, and it was through happenstance bumping into an old friend who recommended me to apply for a role in his previous company. I think I would not have gotten that job which served as a great foundation for my career, had I not met him and did not mention to recruiters about him.