Economic uncertainty, AI adoption, and cost-cutting measures
drive expected workforce reductions
SEATTLE, Jan. 24,
2025 /PRNewswire-PRWeb/ -- ResumeTemplates.com, the
leading platform for free professional resume templates and
examples, has released findings from a January 2025 survey revealing widespread
expectations of layoffs this year. The survey of 1,000 U.S.
managers found that 45% of companies anticipate layoffs in 2025,
with many citing economic concerns, AI automation, and the incoming
Trump administration's policies as influencing factors.
"Layoffs can be unpredictable, and many
employees may not know if their position is at risk."
Among companies, 11% say workforce reductions are definite,
while 34% report they are likely. Most companies anticipate
relatively modest layoffs, with 28% planning to cut fewer than 5%
of employees and 44% expecting reductions of 5% to 10%. Larger
layoffs remain less common, with only 8% projecting cuts of more
than a quarter of their workforce.
In addition to layoffs, 31% of companies currently have a hiring
freeze in place, and another 13% plan to implement one this year.
Companies are also taking other cost-cutting measures, with 32%
reducing or cutting bonuses, 25% downsizing office space, and 17%
cutting employee benefits. Additionally, 12% plan to reduce
salaries, with 35% of those applying cuts across all employees and
30% targeting low-performing employees.
"Layoffs can be unpredictable, and many employees may not know
if their position is at risk," says ResumeTemplates' Chief Career
Strategist Julia Toothacre. "Workers should take proactive steps,
such as discussing job security with their manager, highlighting
their accomplishments, and updating their resume and LinkedIn
profile in case they need to search for a new role quickly."
The survey also found that AI adoption is playing a significant
role in workforce decisions, with 32% of companies citing
automation as a reason for expected layoffs. Additionally, 24% of
companies acknowledge that Trump's policies could impact their
layoff plans, reflecting uncertainty surrounding economic and
regulatory changes under the new administration.
This survey, conducted in January
2025 via Pollfish, included 1,000 U.S. full-time U.S.
managers. Participants were selected based on demographic criteria
and screening questions. To view the complete report, please visit:
https://www.resumetemplates.com/nearly-half-of-companies-anticipate-layoffs-in-2025/
ABOUT RESUMETEMPLATES.COM
ResumeTemplates.com offers a comprehensive selection of free,
industry-specific resume templates, tailored to meet the needs of
various job seekers. The website also provides extensive resources
to help facilitate the job application process, including expert
advice, resume examples, and tips and tricks for creating impactful
resumes. For more information, please visit:
https://www.resumetemplates.com/.
Media Contact
Abigail Davis,
ResumeTemplates.com, 000-0000, abigail@resumetemplates.com
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content:https://www.prweb.com/releases/resumetemplatescom-survey-nearly-half-of-companies-anticipate-layoffs-in-2025-302358367.html
SOURCE ResumeTemplates.com
