image credit: Adobe Stock

Why Mass Layoffs Pose Insider Risks and How Companies Can Protect Themselves

March 6, 2023

Via: HR Hero

The last year and a half has brought unusual mass movements of people leaving and entering the workplace. Trends have included record breaking resignations, quiet quitting, and most recently, layoffs across industries including tech, financial services, food and beverage, and media. These shifts have led anxious employees to the latest trend of “career cushioning” – enhancing their skills, pulsing networks, and updating resumes. According to a Challenger, Gray, & Christmas report, U.S. based employers announced that cuts in November were 417% higher than in November 2021, and financial analysts have predicted additional layoffs as we head into the New Year.

Read More on HR Hero