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Relying on Attrition (Instead of Layoffs) to Reduce Headcounts

February 23, 2023

Via: HR Hero

As the global economy continues to flirt with recession, many employers have already begun letting large numbers of staff go. This trend is particularly evident in the tech industry, where tech companies like Google, Amazon and Microsoft (among others) have laid off more than 70,000 workers in the past year.

And that’s just one industry.

The Trouble With Layoffs

This trend is obviously a big potential problem for employees, but it’s also not great for employers. Aside from the obvious observation that companies laying off workers may be in rough financial condition, layoffs and firings themselves aren’t great for business either.

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