Microsoft announced its decision to fire 10,000 employees recently. This adds up to as much as 5 percent of its global workforce.
A former vice president of the HR department at the company, Chris Williams, has shared his knowledge about the type of employees who are at risk the most, and those who face no risk at all.
As per Williams, “Every industry, company, even department has a different risk, but some areas are more vulnerable than others.”
Employees At High Risk of Losing Their Jobs
Contract Workers – The first ones to go are Contract Workers as this is the sole reason they are hired on a contract and not converted into employees.
New Initiative Employees – Companies often hire personnel for new initiatives when they decide to explore new directions during a prosperous period. If the business chooses to be cautious, then these employees could also be at risk during layoffs.
As per Williams, these new initiatives are frequently the first ones cut when times are tighter, unless the company is actively making a complete change to these new areas.
Event Planning Employees – Williams claims that when businesses are struggling, it’s common for events and opulent activities to be cut, putting event managers at risk of being let go. For example, if you work in event planning, you may find that when times are tough, your job gets cut first. According to Williams, those who participate in the delivery of such services run a significant risk of being laid off.
Employees At Low Risk of Losing Their Jobs
Human Resources – Finance is frequently relied upon as the financial situation is scrutinized more closely, while HR is crucial to the layoff process. Therefore, Williams continued, these areas are rarely the cause of significant cuts in the majority of layoffs.
Employees That Make Profit- Your risk of being laid off is low if you’re a crucial component of creating the most lucrative product for your business. Companies turn to the high-quality products that generate revenue when they pull back to their core business, according to Williams. Employees who are crucial to one of those products would not put the company at risk of losing money if they were fired.
