Outplacement boosts laid-off employees' confidence by enhancing resumes, interview skills, and job market awareness.
Companies can offer outplacement as a paid service, optional benefit, or skip it entirely; most new-age firms choose the latter due to the transient nature of their workforce.
Laid-off startup employees shift to Series-A/B startups, multinationals, or global capability centers (GCCs) in tech, with lowered pay expectations and a growing interest in gig roles in early-stage companies.
Outplacement is most effective for tenured employees, and its adoption and value in new-age industries are still evolving.