Business · Economy · 6 hrs ago

Six in 10 workers take entirely new jobs after being laid off

Six in 10 workers take entirely new jobs after being laid off

A study tracking more than 418,000 workers worldwide found that 58.3% of laid-off workers in Brazil move into different occupations.

That is slightly above the global average of 57.7%, but below Germany and Spain.

The study says 78% of layoffs globally were recurring, rather than isolated events.

It links job cuts to artificial intelligence, automation, skills mismatches and company mergers or acquisitions.

Administrative and operational jobs, including customer service, sales and supply chain roles, are among those most affected.

The study says Brazil’s rate of career changes is expected to rise as businesses use AI more widely.

Moving into a new specialty may mean an initial pay cut, but the study did not measure salary changes.

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What people are saying

Patrícia PaniquarLHH career-transition director
In the past, people thought of a career as climbing a ladder; today we see a web-like movement. You will move, but not necessarily on a one-way journey where the professional only climbs.
via Estadão
The pace is increasing, but we are not one of the countries that currently have the highest volumes of this type of transition. This is because artificial intelligence is present, but is still not being used to its full potential.
via Estadão