A Guide to Reducing the HR Budget
Layoffs are coming. Nearly half of U.S. managers expect them in 2025, with 11% saying it's certain and 34% leaning that way. Most reductions will be small, with 28% cutting fewer than 5% of staff and 44% planning to shed 5-10%. This kind of cost control is inevitable when profit margins get tight. Hiring freezes are becoming the norm, too. Nearly a third of companies have already shut down hiri
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