What is the impact of multiple layoffs on employee anxiety?
The anxiety of multiple layoffs. For Marketplace, I'm Nancy Marshall-Genzer, in for David Boncaccio. Meta announced this week it's laying off hundreds of workers across several divisions, fresh after another round of cuts back in January. If it feels like you're regularly hearing about layoffs in the tech sector, you are not imagining things.
The resume site Zeti did a survey of tech layoff announcements and found almost a third of tech companies did at least two rounds of layoffs between 2023 and 2025. Marketplace's Kimberly Adams has more.
Zeddy looked at publicly reported data about more than a thousand tech companies. Here's Zeddy's Jasmine Escalera.
We saw that almost half of all layoffs come from repeat layoff companies, and 70 percent of repeat layoffs are actually happening within 12 months.
It's bad enough for the workers left behind after one round of layoffs, with survivor's guilt and all. But Vicky Salemi with job search site Monster says when you have multiple layoffs… They're thinking, OK, wait a minute, am I next? So there's more anxiety. Usually there's more concern. There's just more more stress in general. And that has consequences for the business as well.
Sandra Sucher at Harvard Business School says 70 percent of companies that lay people off see a decline in employee morale in the first year.
And there's a 20 percent decline in productivity, higher rates of product defects and in general, a sort of a concern about taking risks.
Because it's hard to do your best work when you're worried the next round of layoffs is coming for you. In Washington, I'm Kimberly Adams for Marketplace.
The Senate has approved a package funding most of the Department of Homeland Security, including the Transportation Security Administration. There is no funding for ICE or the Border Patrol. The bill now goes to the House for a vote. Two U.S. senators are calling on the Commerce Department to investigate reports of heavy construction and farm equipment made in Mexico.
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