After years of struggling to retain workers, executives are reporting a reduction in pay increases while hiring quality candidates has become easier. As a result, organizations are streamlining operations and discontinuing projects, leading to a wave of corporate layoffs starting in technology and expanding throughout various divisions. As the power dynamic shifts, the pressure to hire quickly to avoid losing top candidates decreases. In-office attendance mandates have resumed once again.
Job Layoffs in the Top-Five Industries
It's a shifting job market and executives are taking advantage of the change.