The workforce of large companies may decrease further

The downward trend in employment expectations of large companies, which has been going on for a year, continues. According to the research data of the last quarter of 2024 of the K&H Large Company Growth Index, which presents the economic situation and expectations of large companies, one in ten large company executives expects layoffs in the next 12 months. At the same time, the vast majority are trying to keep their employees, with nearly 80 percent expecting to keep their employees. Examining the situation by company size, the leaders of the largest companies with sales exceeding HUF 10 billion are the most pessimistic, with 15 percent expecting a decrease, while only 5 percent expect an increase. Companies with sales between HUF 4 and 10 billion are the most balanced in terms of human resources – among them, the proportion of those planning to keep employees is 87 percent, 10 percent planning to expand, and only 3 percent planning to lay off employees. The least pessimistic leaders are in the HUF 2-4 billion revenue range, with nearly one-sixth expecting growth, and only one in ten leaders planning to lay off employees.

“The recent economic changes – soaring inflation, the turbulently changing world political situation – are forcing large companies to come to a standstill. Most are trying to focus on retaining their employees so that they can get through this period without losses. However, the research data shows that not everyone can manage this and there will again be those who will be forced to reduce the number of human resources”

– said Tibor Bodor, head of the K&H Corporate Division, regarding the results.