Do voluntary layoffs really make sense?

A recent study suggest that organizations might want to reconsider this approach

Do voluntary layoffs really make sense?

Employee layoffs have been used at unprecedented rates during the COVID-19 pandemic. From February to May, roughly 250,000 employees per month were laid off. The average layoff rate was 12.4 per cent per month, according to Statistics Canada. Comparatively, the average rates during the prior three recessions ranged from 2.5 per cent to 3.5 per cent.

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