Business Is Booming for Layoff Specialists: ‘Never Seen Anything Like This’

Unfamiliar with the layoff process, overwhelmed tech firms are flooding experts with requests for help. “HR departments are scrambling,” one CEO said.

Coming into the year, business was slow for the country’s layoff experts, as it had been for much of the past decade. Outside of a short period of tumult in 2020 at the beginning of the coronavirus pandemic, the U.S. economy had continued to roar along. Jobs were plentiful, layoffs were at a 52-year low, and the “Great Resignation” had led to worker shortages.

Read Maxwell Strachan’s take on how business is booming for layoff specialists