Why Companies Do Layoffs Around Christmas

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Why Companies Do Layoffs Around Christmas
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As job cuts ripple through industries such as tech and media, it is hard not to notice how the holiday season is a really unfortunate time for workers to be getting pink slips. Here's why layoffs rise in December and peak in January.

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Katherine BindleyAs job cuts ripple through industries such as tech and media, it is hard not to notice how the holiday season is a really unfortunate time for workers to be getting pink slips.

There is arguably no good time for companies to lay off employees, of course, but as farewell-to-my-job posts continue to populate LinkedIn, many are wondering, why did they have to do this the week before Thanksgiving or right before Christmas?

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Year end bookkeeping requirements? Or..

budgets

Really missed the make with this. Maybe it’s because they need to pad their bottom line and /or line executives, owners pockets before year end

To cut 1st quarter costs.

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