The article discusses the ongoing hiring slump and job application rejections in the tech industry, which is being referred to as the ‘white-collar recession.’ Major tech companies like Amazon, Meta, Twitter, and others have announced significant layoffs, impacting thousands of employees. This hiring slump is attributed to factors such as economic uncertainty, overhiring during the pandemic, and a shift in consumer spending habits. The article highlights the challenges faced by job seekers, including a surge in applications for open positions, leading to increased competition and rejection rates. It also explores the impact on the broader economy, as the tech industry has been a major driver of job growth and innovation. The article suggests that the white-collar recession may have far-reaching consequences, affecting not only tech workers but also related industries and the overall job market.