Three out of five companies will likely cut jobs during that period. The finding stems from a ResumeTemplates.com survey of 934 U.S. business leaders to determine how many companies plan to cut jobs. The analysis included 41 Black business leaders.
Executive resume writer Andrew Stoner of ResumeTemplates reflected on the potential layoffs in a news release.
“In addition to the immediate impacts, such as financial strain, reduced transition time, and loss of benefits, the pressure stemming from limited severance policies can adversely affect laid-off workers,” Stones stated. “This added pressure may lead to diminished performance, increased stress, and a compromised ability to secure a well-suited role with appropriate compensation.”
Conversely, 75% of those quizzed report that employees with artificial intelligence (AI) skills are more likely to be let go.
“I believe this trend reflects the growing demand for AI skills in today’s job market and employers’ desire to retain AI talent for future business applications and opportunities,” Stoner explained. “Employees with AI skills have a significant advantage in adaptability compared to their counterparts.”
See more details from the survey here.
Source: Black Enterprise
