In Germany, a wave of layoffs has built up, which is now slowly beginning to break. The trend “The Big Quit” – the big farewell – reached the Federal Republic as early as the middle of the year. A new evaluation now shows the full extent.
The labor shortage has had a firm grip on Germany for some time. Large waves of layoffs now pose major problems for companies. Because it’s not the companies themselves that are terminating employees, most of them quit their jobs themselves.
A current evaluation by the personnel software company “Kenjo” indicates that the large wave of layoffs could break out over the Federal Republic. “Kenjo”, whose program is used by many corporations for internal administration, used the survey to determine that 44 percent of the 17,886 participants had already quit their job this year (by August). This is reported by “Bild”.
The 44 percent is a record. In 2021, 44 percent of layoffs were recorded in Germany throughout the year. The survey also shows that young people between the ages of 25 and 35 in particular will quit their jobs in 2022. According to this, every fourth termination goes back to people who were born in the early 1980s to late 1990s. However, the mass of layoffs could still be ahead of Germany. Last year, most people quit between September and December.
Changes in private life, career changes or salary expectations are the main reasons for termination. According to the analysts from “Kenjo”, the motivation to quit could be due to the effects of the corona pandemic on the work-life balance and low salaries, but also due to seasonal dependencies (e.g. in the service sector) and high fluctuation – especially in the IT sector with many vacancies – have been increased significantly.
While IT is the tip of the iceberg at 25 percent, healthcare is affected at 13 percent, retail at 17 percent and services at 22 percent. Accordingly, three out of four terminations in Germany fall into these areas.