So far, 2023 is looking like it could eclipse last year as being the new Year of the Layoff. The economic outlook for 2023 isn’t great: the Federal Reserve is debating driving up already-high interest rates, and previously profitable sectors of the economy such as technology are taking large financial hits, not to mention the…
Layoffs are an unfortunate but sometimes necessary aspect of running a business, particularly during the pandemic, and can be seen as a strategy to maintain profitability. While the employees who are let go face obvious challenges, the impact of layoffs on the remaining workforce is often overlooked. The ripple effects can be felt across various…
As we enter into 2023, the lingering effects of the pandemic continue to impact businesses across industries. Layoffs have become a common reality for many companies and the situation has created a lot of uncertainty and confusion for management teams. While the future may be looking brighter for some, the challenges of layoffs continue to…