Many employees who quit last year in the so-called Great Resignation are now reporting the Great Regret as Big Tech layoffs reduce coveted work-from-home positions. TWTFrontPage
Many employees who quit last year in the so-called Great Resignation are now reporting the Great Regret as Big Tech layoffs reduce coveted work-from-home positions.
“Those who chose to end their employment too quickly during the pandemic have been met with an unfortunate reality [that] the grass is not always greener,” said Trevor Bogan, a regional director of the workplace consulting firm Top Employers Institute. In a survey released last summer, Joblist found that 26% of job seekers who quit regretted the decision. Of those, 42% said their new jobs hadn’t met their expectations.
The U.S. remains 2.8 million workers short of its labor force in February 2020, the last month before COVID-19 restrictions shuttered nonessential businesses, according to Bureau of Labor Statistics data. “For example, the leisure and hospitality industry has had the highest quit rate since July 2021, consistently above 5.2%,” the business lobbying group said. “The quit rate for the retail trade industry isn’t far behind, with rates hovering around 4% in fall 2022.”
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