Layoffs are both painful and essential. Corporate reorganization has negative effects on organizations and their employees, from muddled emotions to decreased productivity. Victims of downsizing may experience troubles with their mental health as well as their finances. Additionally, it may have a negative impact on a survivor’s emotions and future work prospects.
But how severe are the impacts of employee layoffs on a business, the affected people, and the survivors? This was the driving question behind BizReport 2022 Layoff Aftermath Survey.
BizReport surveyed 2162 people in the United States to gain insights into this topic. 48% of the participants were