HR Leaders Address Rising Layoff Anxiety Amid Economic Uncertainty
Amid ongoing economic uncertainty, anxiety over potential layoffs is significantly affecting the workforce. Companies like Starbucks, Meta, LinkedIn, the Walt Disney Company, and Walmart have recently made headlines for downsizing, contributing to widespread employee concerns about job security. According to a study by INTOO and the Harris Poll, over 60% of employed Americans are experiencing layoff anxiety, a notable increase from 2019. This anxiety is impacting employee mental health and workplace engagement, as workers prioritize job security over compensation. Experts suggest that HR leaders play a crucial role in mitigating these concerns by promoting mental health benefits and ensuring transparent communication. Many employees are unaware of the mental health resources available to them, highlighting the need for better communication from employers. 
