(NewsNation) — Employee confidence dropped to a new “record low” last month, according to the lastest data from Glassdoor.
According to the Glassdoor’s Employee Confidence Index, only 44.4% of employees reported having a positive six-month business outlook. That’s the lowest level on record since Glassdoor began recording this data in 2016. Over the last year, employee confidence declined by 7.3%.
“Rising economic uncertainty is tamping down employee sentiment and also stretching employees thin as workers are asked to do more with less amid tight budgets and pressure from leaders,” Daniel Zhao, lead economist at Glassdoor, wrote in an article on the company’s website.
Does Canada really have tariffs above 200% on US dairy products?
Mentions of layoffs in Glassdoor reviews rose slightly in February, 0.3% month-over-month, which is 5% more than February 2024.
“In reviews that mention layoffs, not only are employees worried about their own job security, but even employees who have survived layoffs are feeling stressed waiting for another layoff to come or overworked as they have to pick up the additional work on their now less-staffed teams,” Zhao wrote.
Firings of federal employees through President Donald Trump’s Department of Government Efficiency have contributed to this uncertainty. DOGE has laid off people from the Department of Education, NASA and the Department of Veterans Affairs.
Cuts to the government workforce have “thrown the future of the federal workforce into disarray, resulting in weakening sentiment,” Zhao said.
Another political aspect affecting workers’ outlooks are tariffs, which have introduced “significant uncertainty for manufacturers,” Zhao said. The United States and Canada have been going back and forth on tariffs, specifically ones on electricity, steel and aluminum.
