92% of employers expect more layoffs in 2024

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In 2023, 96% of all business organizations took some kind of downsizing action, according to data from Randstad RiseSmart. But even with those cuts, the workforce isn’t out of the woods just yet.

As we head to 2024, 92% of employers are expecting additional headcount cuts, according to the talent solution company’s 2023 Global Severance research report. And most organizations, the survey found, are not prepared to help their workforces manage those cuts.

“Post-COVID things have continued to shift and change,” says Lindsay Witcher, senior vice president

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