Layoffs Cascading To Staffing Firms, Including Korn Ferry

Layoffs at staffing firms and technology companies have shown how stable job security and opportunities once associated with certain industries are shrinking.

Staffing firms, technology companies, and other key players integral to connecting employers with potential employees are facing substantial job cuts, according to a report published by Staffing Industry Analysts (SIA).

One notable company facing layoffs is Korn Ferry, a global organizational consulting firm. The company is reportedly undergoing changes that have resulted in plans to reduce its workforce by 8%.

Advertisements

Workspace Geek - Coworking Software Simplified

Other companies operating in the sector including TrueBlue Inc., Bullhorn, and LinkedIn have all announced layoffs recently. These recent announcements show how the security and opportunities once associated with certain industries and roles are diminishing.

The prevalence of layoffs also reveals the importance of resilience for employers. Businesses must navigate current post-pandemic economic trends by making strategic decisions that balance immediate needs with long-term sustainability. Simultaneously, workers must proactively seek ways to enhance their employability and prepare for potential career transitions. These trends could lead professionals in these industries to diversify their skill sets and remain open to new opportunities, including gig work.