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Nearly 1/3 Of Professionals Are Worried About Layoffs In 2021

By Jacob Wolinsky. Originally published at ValueWalk.

Owe Productivity Productivity Crash work hours in a year

Early in the COVID-19 pandemic, some executives took layoffs off the table for 2020 to give employees some added security during a troubling time, but the workforce won’t get the same assurance for 2021.

Q4 2020 hedge fund letters, conferences and more

On Blind, the largest anonymous professional network, we asked our 4.1 million users:

  1. Are you worried about layoffs at your company?
  2. Are your coworkers speculating potential layoffs within the next 6 months?

Are Professionals Worried About Layoffs In 2021

Key learnings from 1/22-2/01 from 5,958 professionals

  • 32% of surveyed employees are worried about layoffs at their company

    • 70% of IBM employees are worried about layoffs at their company
    • 73% of Boeing employees are worried about layoffs at their company
    • 71% of Wells Fargo employees are worried about layoffs at their company
    • 91% of TicketMaster employees are worried about layoffs at their company
  • 28%  of surveyed employees say their coworkers speculating about potential layoffs within the next 6 months
    • 86% of PayPal  employees say their coworkers speculating about potential layoffs
    • 69% of Dropbox employees say their coworkers speculating about potential layoffs
    • Half of CitiBank  employees say their coworkers speculating about potential layoffs
    • 0% of Indeed.com employees say their coworkers speculating about potential layoffs

Professionals Comment:

A professional at Linkedin posted “ Bay area layoff wave- Been seeing trickles of engineering layoff posts on Blind, Dropbox, VMware, Walmart. What company do you think will be next to lay off expensive bay area people?”

With nearly a third of professionals fearing layoffs within the next 6 months, this is likely indicative of the state of the workforce in 2021.

Layoffs

Layoffs

The post Nearly 1/3 Of Professionals Are Worried About Layoffs In 2021 appeared first on ValueWalk.

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