Why Companies Do Layoffs Around Christmas

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?

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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