E175 - Is it the year of mass layoffs?

In 2022 and continuing into 2023, we’ve seen many companies conduct mass layoffs to their workforce citing it’s due to the macroeconomic conditions and in some instances, due to industry conditions.Whilst we understand companies want to remain profitable, it’s important to remember that although the decisions aren’t anything persona, there are humans at the other end of a company decision.In this episode we explore:- How many layoffs have occurred in 2022 and so far in 2023- Which companies have reduced their workforce- Why has there been a focus on reducing headcount?- The impact on layoffs to the economy - How to make the best of being in an unexpected positionAʟʟ ᴠɪᴇᴡs ᴀʀᴇ ᴏᴜʀ ᴏᴡɴImportant Information: This podcast is for information purposes only. Matters discussed are not intended to provide and should not be relied on as investment, accounting, legal or tax advice or recommendation. The views and opinions presented are those of the four podcasters (and/or any guests) and these may change.We advise that you seek and/or obtain independent professional advice in relation to your personal circumstances. If you have any feedback or any topics, you'd like us to discuss on the show, DM us on Instagram @takeflightpodcast. Please also subscribe and leave a review on whichever platform you are listening on (we are now on YouTube).

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