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Career change | Has workplace redundancy lost its stigma?

Has workplace redundancy lost its stigma?

Redundancy, the threat of which is the largest source of anxiety amongst the workforce, has been a key issue throughout the pandemic due to the massive rise in cases within the UK. From March, when national lockdowns were enforced by the Government, redundancy has risen at the fastest pace since the financial crisis.

This is in spite of Chancellor Rishi Sunak’s efforts to install furlough schemes to tide businesses through the economic uncertainty without having to make cuts to staff. The Office for National Statistics states that in the three months to July of 2020, 156,000 people were made redundant.

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