The US life sciences workforce shows signs of slowing growth with a modest contraction in hiring during 2024 and early 2025. Despite this, companies continue investing in talent development and strategic hiring, focusing on retaining specialized skills. Wage increases have decelerated but remain driven by inflation and competition for key roles. Factors such as global economic uncertainty, inflation, fundraising challenges, and higher retention rates contribute to the trend. The industry is adapting by increasing use of contractors, emphasizing focused recruitment, and enhancing internal employee development, reflecting a maturing market responding to shifting macroeconomic pressures.