The big picture: A new LHH analysis of 418,000 layoffs indicates that 58% of displaced workers are transitioning into entirely new job functions. This data maps where talent moves post-layoff and identifies evolving role landscapes.

Why it matters: This significant shift underscores a dynamic labor market requiring employers and staffing firms to rethink talent acquisition, retention, and development strategies. Understanding these pivots is crucial for future workforce planning.

Between the lines:

• LHH analyzed data from 418,000 laid-off individuals.
• 58% of these workers moved into different job functions.
• The analysis aims to help employers strategize around talent movement.

Staffing & HR impact: Staffing agencies must adapt to source and place candidates with transferable skills, while HR leaders need to invest heavily in reskilling and upskilling programs. This trend impacts recruiter mobility and the strategic value of talent development initiatives.

The bottom line: Workforce agility and cross-functional mobility are becoming the new standard, demanding proactive talent strategies.