Middle Manager Hiring has Plunged
Major U.S. corporations have eliminated thousands of middle management positions over the past two years in a widespread restructuring trend, with no signs of rehiring, according to workforce data from Revelio Labs.
Job postings for middle management roles remained 42% below April 2022 levels in October, even as hiring rebounded for other positions. Meta, Citigroup, UPS, and Amazon have all reduced management layers or increased worker-to-supervisor ratios, citing efficiency goals. Middle managers accounted for 32% of layoffs in 2023, up from 20% in 2019, Live Data Technologies reports.
Displaced supervisors, typically in their late 40s to 50s, face limited job prospects as companies permanently eliminate these positions rather than temporarily freezing hiring, Business Insider reports.
Read more of this story at Slashdot.
Major U.S. corporations have eliminated thousands of middle management positions over the past two years in a widespread restructuring trend, with no signs of rehiring, according to workforce data from Revelio Labs.
Job postings for middle management roles remained 42% below April 2022 levels in October, even as hiring rebounded for other positions. Meta, Citigroup, UPS, and Amazon have all reduced management layers or increased worker-to-supervisor ratios, citing efficiency goals. Middle managers accounted for 32% of layoffs in 2023, up from 20% in 2019, Live Data Technologies reports.
Displaced supervisors, typically in their late 40s to 50s, face limited job prospects as companies permanently eliminate these positions rather than temporarily freezing hiring, Business Insider reports.
Read more of this story at Slashdot.