Let this sink in, women are leaving the workforce at a rate of four times the rate of men. Furthermore, one in four women in America is now considering downshifting their jobs or leaving the workforce. According to the 2020 Women in the Workplace report by LeanIn.Org and McKinsey & Company that number holds steady even for the country’s senior-most women leaders. In a single year, this alarming statistic would wipe out many of the hard-earned gains for women in management—and unwind years of advancement toward gender diversity.
This gender recession has been fueled by Covid-19 and the sudden shift