Recent global economic developments are seriously disrupting organizational goals and ambitions across the board — especially as resources shrink. Many employers are using this period of adversity as an opportunity to reflect on how they can transform their workforces to be more agile, do more with less and ensure they are fit for the future.
Without the right people in place to power their business, organizations can lose their competitive advantage and fall behind quickly. However, when budgets tighten, talent acquisition (TA) staff and recruiters are among the first roles to be made redundant — and this most recent cycle is no exception. According to research from the Randstad Enterprise Global Business Insights team, 28% of the all laid-off employees in 2022-2023 are from HR and Talent Sourcing departments.
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