Layoffs And Pay Cuts Hit CEOs And Managers

Rank-and-file workers are not the only employees that have been impacted by the widespread layoffs and cost-cutting measures that have taken hold since the Great Resignation. In 2023, nearly half of all observed job cuts were manager-level or higher, according to research from Live Data Technologies. Layoffs in leadership made up almost two times the share of total terminations compared to the previous five-year average. READ MORE