Layoffs: 2023 To be Worse Than 2022 For Employees!

Update: 2022-12-30 09:47 GMT
For the past few months employees working in various sectors are losing their jobs due to various reasons. With doubt of possible recession and unstable economic situations, the companies are removing employees. Compared to the other sectors the laying off exercise is high in the IT sector with a few giants doing that.

As a new year is fast approaching the employees pinned high hopes that they might see a steady situation and they might not lose their jobs. Unfortunately, the reality is quite different and the employers are gearing up to sack the employees and in 2023 as well this will happen.

A few experts and observers say that many big companies are gearing up to pay off their employees in the early months of 2023. The early trends say that the employees might face a big blow in January itself and the highest number of jobs might be removed next month.

Talking about the superpower nation America in particular the employees might sack employees in big numbers. The layoffs might happen in January at most. While the jobs are likely to be removed in a few weeks the companies are said to be having second thoughts about this.

Starting the play-off exercise in January has another reason as the fiscal year starts from January in the United States like how the fiscal year starts from April 1st here. So January is the correct time for the companies to start the exercise.

The main reason behind laying off employees is to make the workforce short and crisp. Employees who are not working on par with the expectations is another reason. The two reasons usually force companies, even the big names, to go for layoffs.

Not just the small companies, big names like search engine Google and leading e-commerce giant Amazon might also lay off employees. Starting in January we might see many employees across the sectors losing their jobs and becoming unemployed.

Many say that 2022 is one of the worst years for employees as the employers were sacked. But the trend shows that 2023 will be even more worse for the employees with the employers removing employees. 
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