I finished final rounds 2 weeks ago and haven’t heard back. I followed up with the hiring manager and he said he hopes to give me an update within a week. Does this mean I’m rejected or they’re still interviewing other candidates?

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Stay optimistic until you hear back. Dozens of things can slow the process. Many of which aren't even a reflection on your candidacy. You should never stop applying and interviewing until you've accepted an offer in any case. Always best to have multiple offers to negotiate, or a back up offer in case the one you thought you wanted isn't actually what you end up wanting.

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Thanks for this! I really appreciate it. I’ve been getting a lot of rejections lately towards mid-final rounds so it definitely ruined my self - esteem. So this rly reassured me, thanks!

Probably waitlist and they’re hoping to hire someone else

Usually means you did quite well actually. Jobs are competitive so it could just be one person they thought did better in the interview and that person is now figuring out their options. Hang in there. It could also just be them interviewing their full pool and you’re #1. They won’t say

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