The Redundancy Cycle
I logged on to LinkedIn this morning and the first post I saw was an old colleague of mine advertising a role. Mid-weight designer at the agency I was made redundant from nearly 2 years ago. The role I was doing that, at the time, was deemed redundant! What a slap in the face. Except that, no, it's not a slap in the face. It's part of a common occurrence known as the "hire-fire cycle" , or "cyclical redundancies" . Hiring speeds up during times of growth, and firing rears its ugly head during times when business is stagnant. There are peaks and troughs, and employees oftentimes bear the brunt of these. In my case, I fell victim to the "post-COVID" boom in hiring. Between 2020-2022, tech and creative companies massively over-hired based on inflated growth assumptions. It was a time of massive excitement; new clients, an ever-growing team, record profits and lots of parties. But this came to a staggering halt, the "boom" only sustainable...