“Compounding the fear of being laid off is the fact that more than half the respondents said they have only three months or less of emergency savings to get them through a period when they’re out of a job: 18% said they have no emergency savings.
Respondents also revealed what measures they would be willing to take in order to not be laid off from their company.
- 39% said they would be willing to switch roles to keep their jobs.
- 39% also said they would be willing to switch teams.
- 24% said they would be willing to return to the office and thus give up working from home.
- 19% said they would be willing to take a pay cut.
- 14% said they would be willing to relocate to another office.
- 12% said they would be willing to give up paid time off.
Of those willing to take a pay cut, the average amount those polled would be willing to give up is 5% of their salary. However, one in 10 respondents said they would be willing to forgo 15% of their salary to keep their job.”
https://www.fastcompany.com/91029199/layoff-anxiety-2024-workers-pay-cuts-give-up-pto-keep-jobs