80% of managers say they use layoffs as a soft firing, and not for cost-cutting

Most layoffs aren't financially necessary, with 50% of layoffs at companies not needed for cost-cutting purposes.

80% of respondents admitted to using layoffs as an excuse to terminate employees instead of firing them.

Companies utilize layoffs to maintain morale, avoid wrongful termination claims, save on severance, and sidestep hurting employees' feelings.

Organizations are using layoffs under false pretenses according to Resume Builder's chief career advisor Stacie Haller.

Read at Fast Company