The tech and finance industries, in particular, have seen a series of layoffs attributed to the current economy, though they are certainly not alone. Whole Foods, for example, recently laid off hundreds of corporate support employees, aligning with BambooHR’s report stating that such jobs are most at risk.
HR folks are notably stressed about retention in such an environment, other surveys have shown. More than half of leaders surveyed by isolved earlier this year said they reduced their workforce in 2022 or plan to in 2023 — meaning retention of those who remain will be key for the rest of 2023. Learning and development has emerged as a key way to both keep people engaged and future-proof a potentially layoff-rattled organization. Solid communication around benefits and resources can also help.
