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We went through this at my company recently, and the positions that magically reopened a few months later also came with a significant pay cut over what the previous employees were being paid. 20%+ decrease. A lot of people are desperate for work and willing to take a lower salary just to keep the paycheck coming in. Companies are taking advantage because, well, companies suck.
Market determines rates. Same as employees taking advantage of higher salaries in 2021.
Sometimes intentional to get rid of low performers and find replacements.
@Analytic Manager: Agreed. Happens all the time, though. Especially last year or two.
If something doesn't make sense for the long-term wellbeing of an organization (or society or anything), the explanation is usually short-term benefits (follow the $$)
Of course there are plenty of inept leaders, but one would expect The Shareholders to dispense with them (unless $$)
Agree. Happened to me. Still agree.