2023 Layoff Resource Hub
Layoffs are a critical moment for every organization. These complimentary resources are designed to help you support your employees to achieve the best outcomes.
Preparing for layoffs
Layoffs are pivotal for both the employee and the organization. When handled with care and empathy, they can create positive career outcomes, strengthen employer brand, and mark you out as a company with high integrity for years to come.
When handled poorly, they can break trust, damage your reputation, and sap the morale and confidence of those that remain, creating lasting engagement, productivity, and brand perception challenges.
The State of Layoffs 2023
The latest LHH research on layoffs was just released and the results are clear: layoffs are happening everywhere.
Indeed, 77% of organizations are undertaking or considering layoffs.
At the same time, there is a big disconnect between what HR leaders and employees say the company offers in terms of layoff support.
This study is rich with new data and insight from employees struggling to wrap their heads around our new economic reality.
Layoff Article Series
This article series provides insight into some of the common considerations when conducting layoffs. From planning and communication through to protecting your reputation, the series outlines the best practices organizations should consider to reduce risk and ensure the best possible outcomes.
Whiplash and anxiety: harsh realities facing today’s working people
The swift pivot from relentless hiring in 2022 to signficant layoffs in 2023 is enough to give anyone whiplash. Yet, the cold, hard truth for any organization considering a downsizing is that there is a right way and a wrong way to conduct layoffs, preserve engagement and save your employer brand.
The Uncomfortable Inevitability of Layoffs
With so many potential triggers to force a company’s hand, from external factors like recession, to internal factors like cost-cutting or a merger, redundancies are virtually unavoidable over the course of a business’ lifetime.
The Complexities of a Layoff
Layoffs are a multifaceted process. There are many factors to consider, steps to take, and people to engage. Let’s take a look at some of the most inevitable complexities that companies face when letting go of employees.
The Psychological Toll of a Layoff
Layoffs are a difficult experience for many. However, the more empowered employees feel, the more confident and successful they’ll be finding work at a new company in the unfortunate event of a layoff.
Additional Resources
How to handle layoffs with care and compassion
The personal toll of layoffs can’t be underestimated – many people not only finding themselves without a job but their prospects of returning into employment are vastly diminished. So much so that the 2023 Edelman Trust Barometer revealed that ‘job loss’ was the number one fear ahead of climate change, inflation, and energy shortages.
Outplacement Provider Checklist
What defines success or failure when it comes to supporting laid off employees? This checklist provides the critical things to look out for when selecting a provider to support your impacted employees.
Infographic – The State of Layoffs 2023
The news of mass layoffs hit the mainstream in mid-2022. In response, LHH conducted a survey of HR professionals in the first quarter of 2023 to understand the current state of layoffs in the United States.
About LHH
LHH exists to help people, teams, and organizations find and prepare for what comes next.
Our 8,000 colleagues and coaches span 66 countries worldwide, working with more than 15,000 organizations, and nearly 500,000 candidates each year.