Fear of Layoffs and Its Impact on Financial Well-Being and Work Behaviour of Corporate Employees

Abstract

In recent years, the increasing incidence of workforce downsizing and organizational restructuring has intensified the fear of layoffs among corporate employees. This fear, often described as job insecurity, has significant implications for the financial well-being and work behaviour of employees. This study aims to examine the impact of fear of layoffs on the financial well-being and work behaviour of corporate employees. Using a structured questionnaire, data was collected from 100 corporate employees. The study is empirical and reliant on primary data, and it uses descriptive and inferential statistical analysis with the help of Pearson’s correlation analysis to determine the relationship between variables. The expected outcomes of the study suggest that a higher level of fear of layoffs is likely to adversely affect employee financial well-being and work behaviour. The study concludes with recommendations for organizations to address job insecurity through transparent communication, mental health support, and financial wellness programmes.