As threat of layoffs grows, which workers are the most vulnerable? – WRAL TechWire

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Layoffs (Source: Pixabay)
by Jason Parker — September 27, 2022
RESEARCH TRIANGLE PARK – Thousands of jobs are open across the Triangle, big companies are still hiring, but layoffs continue in the region and across the state as the economy continues to take hits from rising interest rates, inflation and more. Which workers are the most vulnerable?
Chris Williams, a former vice president of human resources at Microsoft, tells Business Insider, people in these three types of positions are the most vulnerable:
As for those thinking about changing jobs, staying put may be the best advice – at least here in the Triangle.
The Triangle is positioned to be more economically resilient than other areas, if the national economy were to be declared in a recession, said Dr. Michael Walden, an economist and regular contributor to WRAL TechWire.
“Workers should hang on to their jobs, and make themselves valuable so they can survive potential job cuts,” said Walden.
Layoffs also pose a threat to diversity, equity and inclusion efforts. Harvard Business Reviews offers advice on how to protect these efforts.
“Savvy companies need to embed DEI into every stage of the employee lifecycle — including separations,” HBR reports.
Here’s the latest, from this week’s edition of the WRAL TechWire Layoff Watch.
High-tech job openings in NC drop to lowest total in 8 months

‘Anti-Racist/Anti-Oppression lens’ used for layoffs at tech firm – but is that legal?

Pendo lays off about 5% of workforce, including workers in Raleigh

UNC economist: More people joining labor force is key to a ‘soft landing’ for economy

Here’s a list of some of the layoffs that may affect North Carolina workers that occurred in August:
Troubled tech firm Avaya – HQ in Durham – is laying off workers

NC’s economy takes a $1B hit in project cancellation – fifth announced this year

NC tech leaders grow more pessimistic about economy; 17.5% have implemented hiring freeze

Layoffs still keep coming despite better-than-expected jobs report

More on layoffs announced earlier this year:
Retention, retraining workers becomes focus for many employers in changing job market

More NC layoffs as Coats American to close Hendersonville facility, lay off 51 workers

North Carolina solar company lays off 500; CEO blames faulty equipment

Snapchat is latest tech firm to cut jobs: 20% of global workforce

More layoffs: Wayfair is cutting 5% of its global workforce

Genetics firm Invitae, with Morrisville facility, to lay off more than 1,000 workers

Multiple reports outline Oracle’s decision to lay off thousands of workers

Layoffs hit Microsoft: Tech giant says hundreds of workers to be let go

 
Job cuts at Biogen, which has big RTP presence, help drug giant reduce costs 40%

More layoffs in NC – Medline closing Salisbury facility, will cut nearly 100 workers

Automotive manufacturer to close China Grove plant, lay off 81 workers

Layoffs hit Microsoft: Tech giant says hundreds of workers to be let go

Peloton, which had plans for big NC plant, will stop making bikes; 600 to lose jobs

 
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