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Fortune
Fortune
Preston Fore

Indeed CEO says the job market is stuck in a ‘vicious cycle’ if 1,000 qualified candidates can't get hired: ‘Something’s wrong’

Hisayuki Idekoba in Tokyo (Credit: Shoko Takayasu/Bloomberg via Getty Images)

If trying to land a job or switch roles in 2026 has felt like sending resumes into the void, the frustration isn’t yours alone. Even Hisayuki Idekoba, CEO of Indeed, one of the world’s largest job-search platforms, has admitted that the hiring process has become a “vicious cycle.”

Job openings have slowed down while the number of applicants competing for each position has climbed, leaving many qualified workers applying to dozens—or even hundreds—of jobs without hearing back.

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