How common are layoffs?

Layoffs are very common in the US, with 40% of Americans being laid off at least once. Often, employees aren't let go due to poor performance, but simply due to factors out of their control. For example, if a company is downsizing they might choose to close stores, or if you've been hired for seasonal work you can expect to be let go at the end of the season.

However, that doesn't mean everyone is impacted by layoffs equally. Younger demographics (18-34), and men are more likely to be let go. In fact, men are 25% more likely to be laid off than women.