HELPING ORGANIZATIONS HELP PEOPLE DURING DEPARTURES
Workforce Transitions Are Continuous and Accelerating
Departures used to be episodic. Now they're a constant operational reality - with periodic restructuring spikes that test every organization's infrastructure.
1.2M
Job Cuts in 2025
Up 58% year over year
3.9 yrs
Median Tenure
Lowest since 2002
~2%
Monthly Quit Rate
Millions exit every month
Restructuring Waves Are Intensifying
Announced job cuts have moved well beyond pre-pandemic norms.
| Year | Cuts | Trend |
|---|---|---|
| 2019 | 593K | Baseline |
| 2021 | 322K | ↓ Post-COVID low |
| 2024 | 761K | ↑ Step up |
| 2025 | 1,206K | ↑ 58% YoY |
Continuous Churn Is the New Normal
Even outside restructuring events, voluntary mobility creates constant transitions.
Median Tenure Is Declining
4.4 yrs
2010
3.9 yrs
2024
Early Attrition
~1 in 3
new hires leave within 6 months
Performance Exits Are Rising
Management-related turnover hit a 6-year high in 2024.
Sector Spotlight: 2025 Announced Cuts
Technology
154,445
announced cuts
Financial
50,820
announced cuts
Healthcare
50,325
announced cuts
Industrial
20,823
announced cuts
The Operating Reality
Workforce transitions are no longer occasional events - they are continuous operations with periodic restructuring spikes.
~20% annual turnover