Layoffs instill fear, anger, and erode trust among employees. Research shows that even a 1% reduction in workforce can lead to a 31% rise in turnover. Additionally, 74% of employees indicate a decreased productivity following layoffs. The prospect of AI-driven job reductions has further escalated anxiety regarding job security, worsening morale and increasing the likelihood of resignation among remaining staff.
Layoffs cause fear, anger, and deep loss of trust among remaining employees. Research indicates that targeting just 1% of a workforce increases turnover by 31%. Another survey found that 74% of employees reported a productivity decline following layoffs.
With more corporate leaders discussing the potential for AI-related mass job cuts, the anxiety surrounding layoffs is amplified, leading to more significant impacts on morale and retention.
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