The news of layoffs in the tech industry has put a lot of people under pressure. The impacted employees are searching for new roles frantically and on the other hand, those who still have their jobs are feeling anxious with more and more companies taking the layoffs route to cut costs. The recent mass layoffs at Google have further amplified these fears and the situation seems grim.
Chris Williams, who was the Vice President of Human Resources at Microsoft, mentions the three types of employees who are most at-risk during layoffs and the types of employees who are the safest, in a Business Insider article.
Chris says that the most at-risk employees during layoffs are the ones belonging to event planning team, employees belonging to the new initiatives team, and the employees who are working as contract workers.
Chris further says that the contract workers are on the higher-end of the risk graph during these times as when tough times approach, the contractual employees are usually the first one who are asked to leave. He also adds that companies hire contract workers because they want to remain flexible in case things take a turn for the worse.
The employees involved in event planning and other such jobs are also likely to be shown the exit door when things get tough. This is because companies tend to reduce their expenses by minimising luxury activities during a recession.
Finally, employees who are part of a new initiative by the company are also at risk of getting laid off since the initiatives are often scrapped when the money is tight.
Chris also outlines the kind of employees who are most likely to remain safe during the layoffs wave. The employees whose jobs are boosting the profits of the company directly are less likely to get fired. "The closer your job is to the most profitable activities of the company, the lower your risk of layoff," notes Chris.
He also adds that people who belong to teams like human resources and finance are less likely to be impacted. This is because HR is instrumental in the firing process and the finance team is the one that the company can rely on for more scrutiny of the financial status.
After Twitter, Meta and Amazon, Microsoft also announced layoffs recently. The company had announced that it would be laying off 5 per cent of its workforce. In an email to the employees, Microsoft CEO Satya Nadella wrote that while the company is 'eliminating roles in some areas, they will continue to hire in key strategic areas'.
Copyright©2023 Living Media India Limited. For reprint rights: Syndications Today