06/13/2023

Majority of of Companies Are Currently Undertaking or Considering Layoffs

HR leaders and white-collar workers are misaligned on several viewpoints

It's no secret that CFOs and human resources leaders don't always have the same motivations. But finance chiefs, especially those who oversee human resources (HR), might be interested to know there are also significant disconnects between HR leaders and employees.

The misalignment is a theme in a new survey report from Lee Hecht Harrison (LHH), a large provider of talent acquisition and job recruitment services. The research polled 2,524 HR leaders from organizations with 500+ employees, as well as 7,028 white-collar workers, in five countries: Australia, Canada, France, the United Kingdom and the United States.

Much of the survey was dedicated to issues around layoffs. A key finding was that many workforces are shrinking. More than three-fourths (77 percent) of participating HR leaders said their organizations are currently undertaking or considering layoffs.

Please select this link to read the complete article from CFO.