The Redundancy Epidemic: What It Means for Careers and Industry The rise of redundancy has become a stark reality in today's economy, leaving behind a trail of heartbreak and financial insecurity.
For Natalie MacDonald, the experience was particularly devastating – laid off just six weeks after returning from parental leave, she faced an uncertain future alongside her two young children.
Last year saw 268,000 Australians retrenched, marking a record high since the post pandemic rebound. Major banks, technology companies, and even sports organizations have been announcing job cuts left and right.