As the economy hovers on the edge of recession, job losses from companies large and small seem to follow inexorably week by week. Other organisations determine workforce changes over time, announcing global or national-level job losses and then deciding which locations or business functions will see job roles closed, after employee and departmental consultations.
The assumption that such redundancies will help consolidate corporate finances and employee morale and productivity will bounce back, is questionable: for example on savings, technology analyst Gartner estimated in 2022 that fewer than half (43%) of leaders actually achieve their objectives from cost-cutting programmes in the first year.
