{"id":93985,"date":"2023-02-23T16:45:39","date_gmt":"2023-02-23T14:45:39","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=93985"},"modified":"2024-12-19T13:36:14","modified_gmt":"2024-12-19T11:36:14","slug":"layoffs","status":"publish","type":"post","link":"https:\/\/factorialhr.com\/blog\/layoffs\/","title":{"rendered":"The misconceptions of layoffs: what leaders can learn"},"content":{"rendered":"

From the \u201cGreat Resignation\u201d to the \u201cGreat Reshuffle,\u201d to what some are calling the \u201cGreat Layoffs\u201d, the past few years have seen their share of economic twists and turns. Like falling dominos, it seems that one trend only causes more changes to occur.<\/span><\/p>\n

Many are taking precautions to avoid potential loss as a possible recession looms. And despite the rapid pandemic-era growth, many tech industries have caught media attention for their decisions to significantly cut their workforces. Amazon layoffs, Microsoft layoffs, and Meta layoffs have amounted to <\/span>over 70,000 cuts<\/a><\/strong> in the past year.<\/strong> And <\/span>according to the BBC<\/span><\/a>, Yahoo plans to follow suit and slash more than 20% by the end of 2023.<\/strong><\/span><\/p>\n

But are these job cuts really necessary? And are widespread layoffs coming for other types of businesses and industries as well?<\/span><\/p>\n

In this article, we\u2019ll look deeper into some of the truths behind layoffs, and their possible effects. Then, we\u2019ll go into the leading causes behind layoffs in 2023, advice for employers and employees, and possible alternative solutions.<\/span><\/p>\n

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Table of Contents<\/p>\n