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

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.

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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.

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Original Article Posted at : https://www.valuewalk.com/professionals-worried-about-layoffs-2021/