Layoffs are nothing new, but their frequency is. Many U.S. companies are increasingly falling into a “layoff loop,” cutting roles and rehiring for them within months, according to new research.
New data from Careerminds reveals that as many as 8 in 10 U.S.-based HR leaders have overseen layoffs in the past twelve months alone, with the majority saying the cuts happened within six months of each other. In many cases, the same jobs being cut are rehired less than a year later.
This results in a destabilized workforce with declining morale, and an impossible task for HR teams trying to maintain trust and culture in an environment that never stops shifting. Not only that, but recent research found that over 40% of employees say that layoffs negatively impacted their trust in leadership.