Most employers expect fewer or no layoffs this year
- February 3, 2011
Most U.S. employers expect fewer or no layoffs in 2011, according to a survey by Right Management.
About 48 percent of the 700 U.S. firms surveyed reported they would have practically no layoffs this year. Twenty percent said they planned fewer layoffs this year than last year.
The survey included 129 firms in the Mid-Atlantic region. Their answers mirrored the national results. About 52 percent of Mid-Atlantic firms expect no layoffs this year, while 22 percent said they expected fewer cutbacks this year.
“For the past couple of years, organizations have cut costs and laid off staff,” Ron Sims, Right Management’s talent management practice leader for the Mid-Atlantic region, said in a statement. “Most organizations have very little, if anything, left to cut. They’re at a point where they need to make a greater investment in talent to ensure strategic viability.”
The survey found that 28 percent of U.S. firms expect a modern amount of cutbacks this year, while only three percent plan a significant level of cutbacks. Fifteen percent of Mid-Atlantic firms planned a modest number of cutbacks, while 5 percent expected major layoffs this year.
Right Management is a talent and career management expert.