We’ve had the Great Resignation, the Great Reshuffle, and now we’re looking at…the Great Firing? According to a new survey by Employment BOOST, the same workers who left their jobs during the Great Resignation for higher pay could now be the target of potential layoffs.
The data show that the age group (25-34) that benefited the most in terms of wages during the last year is the group most likely to have changed jobs in the past 12 months. They are also the most likely to know someone who has been laid off and the most concerned about being laid off themselves.
Fewer workers in the 35 to 44 and 45 to 54 age groups reported receiving a significant raise. However, stability and tenure could help these seasoned workers weather the next downturn.
Ryan Miller, Director of Client Success at Employment BOOST, commented: “It’s clear in our work with companies conducting layoffs that there is a tendency to let workers who are less tenured and newer at the company go first, rather than laying off the worker who has been around longer.”