Spike in redundancies for UK businesses

Spike in redundancies for UK businesses

31st August 2023

Personnel Today

As of 31 July the number has been calculated at 237,017, compared with 153,635 at this stage last year, said employment law firm GQ|Littler.

Caroline Baker, partner at GQ|Littler says: “Businesses are still being careful not to let too many staff go but the statistics show that the job market is beginning to slow.”

“Employers should be approaching redundancy programmes with utmost sensitivity. Processes that have been rushed or otherwise poorly executed can have a lasting negative reputational impact.”