I just talked to a PhD student who had a scheduled faculty interview at a US R1 CS department two weeks from now, but not anymore: the position has been cancelled due to budget constraints. It's one thing to not be hiring this year -- but they actually opened a search, reviewed applications, invited folks for interviews, and *then* cancelled the position? A bunch of people's time just got wasted on both sides, to say nothing of the heartbreak of getting an interview and then having it cancelled.
(Not one of my own students. And I'm not gonna say what department it was, though I know some of you will know. I assume this was a decision that came down from above, and that they're just as unhappy about it as the candidate is.)
@lindsey I hope the PhD student finds something, having the rug pulled out from under them like that is just awful.