The buzzword ‘efficiency’ has seen a rising trend in Corporate America and unfortunately for middle managers, this deemed an ill omen. As companies aim to optimize operations and cost structures, middle managers are coming under intense scrutiny, with many facing layoffs.
“It’s always been a joke with my peers that middle management is the most dangerous position to be in,” stated Cody Sandell, a former director of product management at a fintech startup, who was let go last year. Middle managers, generally defined as non-executives overseeing a team, made up almost a third of layoffs, a significant surge from 20% in 2018, according to a recent analysis by Live Data Technologies, conducted for Bloomberg News. Individuals with direct reports, regardless of industry, should be aware of these changing dynamics.
With the shifting sands of the corporate world, employees around the U.S. should consider how the evolving landscape may impact not only their positions, but also the wider structures within their respective companies.
For more details on this trend and its ongoing implications, professionals can examine the full discussion in the original article here.