Great reporting by Sonya Swink and the team at the Financial Times newswires.

“People who are young can be quite shocked [about layoffs],” said George Wilbanks, founder of recruiting firm Wilbanks Partners. They could be especially distressed “when recruiting is difficult and your firms [have gone] out of their way to make all kinds of promises for the future, and end up backtracking on those promises,” he said.

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