One trend to look for in 2024 is rolling or tiered layoffs, Wahlquist adds. Instead of reducing head count all at once, companies will likely conduct smaller rounds of layoffs over time, perhaps targeting different departments at different times -- this allows for more flexibility and for easier workload transitions for current employees. "No business wants to guess wrong and cut too many jobs too soon, which could put them at a competitive disadvantage, lower employee morale, and negatively impact the company's brand and reputation as a great workplace," Wahlquist says.