Working in the tech industry? Then you’ll know all about layoffs, which have been happening in trickles and surges since mid-2022. While redundancies dried up a little at the end of the summer of 2023, they are back in full force with redundancies tracker Layoffs.fyi reporting over 49,000 layoffs this year so far.
We have seen high-profile announcements from Salesforce, SAP, eBay, Google, PayPal, Amazon, Wayfair and Vroom, which have accounted for a high proportion of this glut of layoffs.
Layoffs aren’t uncommon, and they happen across industries. For example, the media industry has also shed thousands of roles, and retail giant Walmart laid off more than 3,000 workers in 2023.
It is a likelihood that for many workers, they’ll be axed from their jobs at least once over the course of their careers. With large layoffs becoming more common in the U.S. since the 1970s, the more recent rise of the gig economy is putting additional pressure on tenured employees.
That said, if and when it happens to you, it’s not such an easy thing to handle. A layoff is stressful, and can cause feelings of worry and shame, or even depression. It can affect your physical health too, with a 2012 study finding that losing a job could raise your risk of a hear …
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We have seen high-profile announcements from Salesforce, SAP, eBay, Google, PayPal, Amazon, Wayfair and Vroom, which have accounted for a high proportion of this glut of layoffs.
Layoffs aren’t uncommon, and they happen across industries. For example, the media industry has also shed thousands of roles, and retail giant Walmart laid off more than 3,000 workers in 2023.
It is a likelihood that for many workers, they’ll be axed from their jobs at least once over the course of their careers. With large layoffs becoming more common in the U.S. since the 1970s, the more recent rise of the gig economy is putting additional pressure on tenured employees.
That said, if and when it happens to you, it’s not such an easy thing to handle. A layoff is stressful, and can cause feelings of worry and shame, or even depression. It can affect your physical health too, with a 2012 study finding that losing a job could raise your risk of a hear …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]