There's so many jobs because no candidate is willing to accept the position for the low salary knowing how bad things are at this company. No internal person will transfer knowing they won't receive the salary for the position for a year. They can only bring in contractors at this point since no one is taking those jobs. Our company is barely getting by onboarding and servicing clients with the contractors' lack of knowledge. Total mess.
Sadly this is a truthful observation of the situation at the company, given by @YKXK2tn-3yxv as a reply on another thread