The study, which analyzed data from over a million employees at 1,620 retail chains over 22 months, found that layoff announcements have a strong, immediate impact. These announcements often heighten feelings of job insecurity among remaining employees, precipitating a wave of voluntary departures. This reaction underscores the need for careful communication and support strategies during such announcements.
Welcome to the first installment in our new, comprehensive series exploring the Canadian labour market’s ongoing challenges. In this series, we will delve into the persistent labour shortages, examine how employers are grappling with retention & attraction issues and provide