Layoffs in response to the economic downturn caused by the Covid-19 coronavirus are either expected or have begun happening at 44% of companies, according to a survey of over 1,000 people conducted by Verdict.
Lucy Ingham, Editor at Verdict, comments: “The survey, which ran from 25 March to 15 April on our website, found that 24% of respondents expected their company to conduct layoffs as a result of the coronavirus, while 20% said this had already begun to happen.
“Some 35% also reported that recruitment was on hold, meaning 79% of companies have seen staffing disruption of some form or another as a result of the pandemic.
“Just 8% said their company had stepped up hiring as a result of the pandemic, while 13% reported no impact on recruitment.
“The results of the survey, in particular the levels of expected layoffs and hiring freezes, have not been met with surprise by the recruitment industry, which has seen the uncertainty surrounding the coronavirus pandemic translate into extreme caution surrounding recruitment.”
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