The hidden and preventable reason for layoffs

Unknowingly bringing on duplicate positions can cost the organization big bucks in redundant salary, benefits, training, and onboarding, and more.

As the labor market continues to change, economists are intrigued as some industries are adding jobs by the thousands while others are making similar-sized layoffs. For example, as companies like TikTok, Google, and Microsoft make significant cuts to their workforce, we can’t help but liken it to pandemic times and wonder if we’re seeing the next monumental wave of layoffs. Past layoffs were repercussions of overhiring. Now we’re seeing a different pattern, one far more preventable.