Artie Gindidis

Australia

Here’s a tale of two possible worlds for the future of work.

In one, the outlook feels unstable. Artificial intelligence transforms the nature of work, making many traditional roles obsolete or requiring significant reskilling. Workers are displaced from familiar positions and must navigate transitions, seeking new opportunities within their organizations or across the workforce ecosystem. Many find themselves piecing together fractional roles and gig work as interim solutions, often facing uncertainty about how to leverage their experience and skills in a rapidly changing market. 

In the other, the future looks radically different. Workers choose missions instead of jobs. Fractional work and portfolio careers become engines of creativity. People move fluidly across roles, organizational boundaries, and entrepreneurial and artistic pursuits flourish. Individuals retain a strong sense of value and agency, confident they can adapt and contribute meaningfully, beyond traditional employment and talent models.

Both scenarios point to the same destination: a decentralized world of work. The difference between disruption and agency hinges on a critical organizational choice: how talent transitions are managed—in, out, and around, the organization—when roles change or disappear.

AI is not only reshaping work; it is democratizing expertise and lowering barriers to entry for innovation and entrepreneurship. AI agents can now act autonomously, working alongside humans. Organizations that embrace this shift—moving from headcount-based talent models to orchestrating a workforce ecosystem that includes employees, alumni and ecosystem talent—will likely be positioned to thrive, leveraging hybrid human-agentic workforces for competitive advantage.1 As a result, relationships, rather than headcount, become the engine for growth, with alliance-based projects and relationship-centered business development becoming core drivers of value.

Workforce transitions should also be managed with sensitivity to global labor frameworks. For example, in Germany, Works Councils require significant codetermination,2 while in the broader European Union, new AI regulations demand transparency and accountability. Leading organizations will likely be the ones developing innovative strategies that are also grounded in local compliance, worker protections, and social trust.

Traditional layoffs often feel like a cliff—an abrupt end that severs ties and erodes trust. But what if organizations’ biggest talent strategy failure is assuming their workforces end at their payrolls?

Talent ramps can create new strategic opportunities

Talent ramps offer a different path. They create structured transitions that help workers pivot, with support, into meaningful new roles either within or outside of the organization, and enable organizations to maintain enduring relationships with alumni and ecosystem talent—as entrepreneurs, advisors, vendors, or community builders. Done well, ramps ease workers out of roles that no longer fit while equipping them with the skills, networks, and confidence to thrive in the working world of tomorrow. This design transforms disruption into competitive advantage, strengthens organizational agility, and fosters the trust which is important for sustaining human-AI collaboration at scale.

Ramps are not just about exits. They unlock new capability and capacity at speed and scale, driving competitive advantage in a rapidly evolving market and enabling new models of work redesign with humans and machines working together.

Equally important is the social impact of facilitating transitions into the new world of work. By building more enduring relationships among themselves, employees, and alumni and ecosystem talent, organizations can embed themselves in social infrastructure, reinvigorating their social license to operate.

But in an era of accelerating AI adoption and the associated workforce disruption, many organizations may also need to earn a social license to automate. When workers feel discarded, they may be less likely to share institutional knowledge, weakening the very systems automation aims to build. Designing ramps into the workforce ecosystem builds goodwill, grounding transitions in fairness and encouraging participation in continuous work redesign rather than withdrawal.

Deloitte calls this emerging ecosystem of future-ready, skilled talent in the AI era the “NOMAD economy.” While “digital nomad” is often used to refer to remote workers, our definition is broader, reflecting a fluid workforce moving across roles, industries, and identities—including employees, alumni, and ecosystem talent.

In our view, NOMAD serves as a unifying label for five archetypes of human work—each characterized by a worker’s primary contribution:3

  • Nurturers, who imagine and care, shaping purpose, inspiration, and community
  • Operators, who steward automation to execute critical functions
  • Makers, who craft to bring ideas into reality
  • Adventurers, who explore new markets and ventures
  • Directors, who navigate systems and values

These archetypes are not limited to traditional employment—they apply across the entire workforce ecosystem, supporting talent inside, outside, and around the organization.

Which NOMAD are you?

Each NOMAD pathway depends on a different form of agency: personal agency to act, social agency for mobilization, and growth agency to explore new areas. Which NOMAD are you, and where are the opportunities for each archetype?

Nurturer

Education, culture, and care are expanding as societies age and digital life accelerates. People with skills in teaching, storytelling, and caregiving will play a central role in keeping communities connected and resilient.
 

Signals

  • UNESCO estimates the world will need 40 million new teachers by 2030.4
  • A shortfall of 11 million global health workers by 2030 is estimated, underscoring the need for hybrid tech-enabled care roles and community services.5
  • Deloitte research estimates that there are 50 million digital creators globally, contributing to a social commerce market which is forecast to be worth US$2 trillion by 2026.6
     

How to get ahead

Opportunities

  • AI literacy coaches for subject matter experts and schools; immersive cultural storytellers for heritage tourism; elder care tech companions integrating AI tools with human support

Skills

  • AI literacy, cultural curation, digital storytelling, hybrid health care, community organizing  

Learning pathways

  • Teacher AI competency frameworks, online content creation academies, caregiver certification courses, grassroots leadership workshops

 

Operator

As autonomous technologies spread, organizations still need humans to keep them safe, fair, and reliable. Testing, auditing, and hands-on oversight of digital and physical tech will be vital in roles that put people firmly in the loop.
 

Signals

  • The European Union’s AI Act established a tiered oversight regulatory regime, whereby high-risk AI systems must undergo risk management, human oversight, documentation, monitoring, and evaluation.7
  • Morgan Stanley research estimates that humanoid robots are likely to become a US$5 trillion market by 2050.8
  • In a café in Japan, people with disabilities serve customers through remotely operated robotics, providing them with an income and advancing social inclusion.9
     

How to get ahead

Opportunities

  • AI compliance auditors for startups; model risk testers; robotics or drone field technicians; bias auditors; smart-grid and Internet of Things custodians; incident response retainers

Skills

  • AI auditing, red-teaming, robotics and drone maintenance, data ethics, and incident response

Learning pathways

  • Certifications in AI risk management (e.g., National Institute of Standards and Technology-aligned programs), drone operator training, cybersecurity bootcamps, and applied AI ethics courses
     

Maker

Improved tools like 3D printers, alt-protein labs, and AI-native game engines will make it easier than ever to turn ideas into real products. Opportunities are opening for those with creative, technical, digital, and craft skills to build what’s next.
 

Signals

  • 3D-printed construction is moving from pilots to procurement; the World Economic Forum highlights 20% to 30% cost and time reductions and new models for affordable housing.10
  • The World Economic Forum’ Future of Jobs report 2025” estimates that UI and UX designers will be the eighth fastest-growing job role by 2030.11
  • 3.4 billion people played video games in 2024, with the gaming market expected to grow over 8% per year between 2024 and 2027 to reach US$363 billion.12 Game developers will be critical to fulfill this growing demand.
     

How to get ahead

Opportunities

  • 3D-printed housing contractors; synthetic food micro-producers; immersive and augmented reality micro-studios, education and safety training for small-scale producers

Skills 

  • AI-assisted 3D design and fabrication, bio lab prototyping, immersive content creation, and product branding and customization

Learning pathways

  • Access to studios and fabrication labs, online 3D modelling and printing platforms, and immersive design workshops
     

Adventurer

Entrepreneurs and specialists with curiosity and agility may find space to experiment, test, and scale ideas faster than ever. Breakthroughs in AI, biotech, energy, and space need risk takers who can explore uncharted ground.
 

Signals

  • In 2024, 40% of the money raised by US startups was raised by AI-fueled startups.13
  • AI unicorns took an average of only two years from establishment to reach unicorn status, doing so with less than half the employees needed by non-AI unicorns.14
  • The World Economic Forum projects 170 million new jobs by 2030 from digital and sustainability transitions, much of it through entrepreneurship.15
     

How to get ahead

Opportunities

  • AI-native entrepreneurs; space venture capitalists; renewable energy microfinance entrepreneurs

Skills

  • Entrepreneurial strategy, “vibe coding,” applied AI, sustainability tech literacy, quantum computing understanding, and pitch deck creation  

Learning pathways 

  • Participation in accelerators, sustainability innovation fellowships, quantum coding sandboxes, and venture-building bootcamps

 

Director

Navigating values, regulation, and risk is getting more complex, requiring human direction, judgment and arbitration. Organizations will likely need advocates to push for supportive policies, fueling the growth of advocacy industries.

Signals

  • The EU’s Cyber Resilience Act sets base cybersecurity requirements for a wide range of digital products, obliging manufacturers, importers, and distributors to implement secure-by-design processes and vulnerability management.16
  • Australia has proposed subjecting digital asset exchanges to the same licensing and conduct requirements as financial intermediaries.17

How to get ahead

Opportunities

  • AI ethics and compliance advisors for midsize firms; fractional policy fellows and lobbyists for industry consortia; carbon-credit brokers for local SMEs; cross-cultural mediators for expansion markets

Skills

  • Industry-specific regulatory knowledge, understanding of regulatory technology tools and risk management  

Learning pathways

  • Fellowships in governance, subject matter expert compliance advisory and industry associations

Understanding these archetypes is not just an exercise in classification—it’s an invitation for leaders and individuals alike to see themselves in the transition, and for organizations to design ramps that support each journey. The examples that follow show what ramp building looks like in practice across the five archetypes of the NOMAD economy and how organizations stand to gain by staying connected.

AI is driving new urgency for strategic talent transitions

The shift toward these two futures is already underway, and for millions of workers, the ground is moving fast. AI is rewriting the rules of work; the very technology that is supercharging productivity is also accelerating change: transforming roles, creating new opportunities, and in some cases, fueling concerns about job displacement or skills becoming obsolete.18 Many workers worry about being cut off—financially and professionally—as the nature of work evolves and the expectations for talent shift.

The numbers tell the story. Global tech firms eliminated 239,000 roles in 2024 and 209,000 in 2025,19 triggering ripple effects across offices and supply chains globally. A layoff in San Francisco can reverberate through a regional hub in Singapore or a back-end function in Surat, India. Initially concentrated in tech, this pattern is spreading across industries—from telecommunications to finance—with automation-related attrition likely underestimated.20 Labor markets in transition mean many will not simply “find another job,” especially early-career talent21 and displaced tech workers.22

Paradoxically, there has never been a better time to create something new. AI and emerging technologies are lowering the barriers to entrepreneurship, innovation, and reinvention. Individuals and organizations alike have unprecedented tools to design, prototype, and launch ideas that once required entire teams and infrastructure.23 The future of work is not just about loss, but about the chance to build what comes next.

Against this backdrop, talent ramps become an important strategic lever for organizations seeking to move from disruption to advantage. They can provide clarity and confidence with practical, structured pathways that help workers transition with dignity and help organizations preserve relationships, knowledge, and trust while supporting both business resilience and individual agency. The alternative, “cliff” layoffs, carries risks beyond the immediate human cost. Research shows job cuts erode morale among remaining employees, reduce productivity, and increase voluntary turnover.24

Investor reactions are mixed: well-signaled restructuring can lift stock prices briefly, but repeated or poorly framed cuts often lead to long-term underperformance.25 Employer brand suffers too, making it harder to access and develop the capability and capacity needed at the speed and scale required in strategically important functions where talent is becoming more important, not less.

Organizations that invest in talent ramps can mitigate these risks and extend their influence into emerging ecosystems, turning disruption into a platform for resilience and innovation.

Building ramps in the NOMAD economy

Layoffs sever ties. Ramps multiply them.

As organizations navigate the AI workforce shift, the challenge is not only to manage role changes and exits, but to create pathways that sustain relationships, unlock new value, and extend influence. The NOMAD economy reflects a workforce that moves fluidly across roles, industries, and identities.

For all five archetypes—Nurturers, Operators, Makers, Adventurers, and Directors—ramps are not just about exits. They can unlock new capability and capacity at speed and scale, driving competitive advantage in a rapidly evolving market.

Nurturers

In an AI-driven economy, investing in human potential—care, education, and culture—becomes a strategic differentiator. Nurturers guide others, foster belonging, and bring purpose to organizations and communities.

Strategic ramp:
Organizations can channel Nurturers into social impact initiatives and education partnerships, reinforcing brand trust and extending reach beyond the organization.

Case in point:
IBM’s Transition to Teaching program retrained employees as science, technology, engineering, and mathematics educators with tuition support and flexible part-time work arrangements.26 This ramp met a critical social need while strengthening IBM’s credibility and community connection.

Operators

As AI and automation reshape core operations, human judgment remains essential for reliability and safety. Operators steward machines and systems, ensuring critical functions run smoothly.

Strategic ramp:
Organizations can build talent marketplaces—including former employees, retirees, or external specialists —or preferred vendor pools for Operators, enabling ready access to talent and capabilities at speed for specialized projects or surge capacity.

Case in point:
BMW’s Senior Experts Program invited retired engineers back for part-time, project-based roles.27 These experts addressed technical challenges and mentored younger colleagues, preventing brain drain and ensuring vital knowledge transfer as the company navigated generational shifts.28

Makers

The democratization of tools and rising demand for customization are empowering Makers—individuals who turn ideas into tangible products through craft, skill, and ingenuity.

Strategic ramp:
Organizations can offer Makers access to fabrication labs, short-term design sprints, and creative software licenses, fostering innovation and giving the organization rights to license or scale promising prototypes—regardless of whether Makers are current staff, alumni, or external collaborators.

Case in point:
Airbus supports Makers through its ProtoSpace workshops, which focus on rapid physical prototyping.29 Successful projects are incubated through the innovation platform, keeping innovation close to the core business.30 While ProtoSpace is designed for current Airbus employees, offering alumni and workers beyond the organization’s boundaries broader access to tools and spaces like this could turn it into a ramp that unlocks additional capability and capacity to continue developing ideas.

Adventurers

AI is accelerating entrepreneurial innovation, empowering Adventurers to explore new markets and experiment with new business models.

Strategic ramp:
Organizations can establish venture funds or fellowship programs to stay connected to Adventurers—whether they are alumni, current employees or ecosystem entrepreneurs—as they launch new ventures.

Case in point:
HR software startup Lattice invests US$100,000 into startups founded by qualified alumni. By taking equity, Lattice transforms departures into long-term strategic upside, cultivating a pipeline of future partners, customers, and collaborators.31

Directors

As regulation and governance grow more complex, Directors interpret systems, arbitrate values, and extend influence beyond the organization.

Strategic ramp:
Organizations can support transitions into governance, policy, and advisory roles, drawing from networks of current and former employees as well as external advisors, strengthening reputation and reach.

Case in point:
Goldman Sachs institutionalized alumni engagement through a network of 115,000 former employees, providing access to job marketplaces, strategic events, and ongoing support as alumni transitioned into senior governance and public service roles.32

These five archetypes are not strict categories. They represent the diverse human capabilities likely to drive value creation in an AI-driven economy. For individuals, the NOMAD archetypes can help identify new work and career pathway possibilities beyond traditional employment models, through fractional formats that enable them to contribute across multiple areas. For organizations, they provide a lens for investing across a broader talent ecosystem to unlock access to capability and capacity at speed and scale and drive competitive advantage for the new realities of today’s world of work. 

With the archetypes in mind, the next step is to consider how organizations can put these ideas into practice.

Five principles for designing ramps

Turning the vision of ramps into practice requires boards and C-suites to champion a new talent playbook. Smart organizations treat work redesign with the same urgency as onboarding, designing ramps to make intentional investments in talent success.

The following five principles can provide a disciplined framework for creating ramps that deliver measurable value.

1. Invest in mindsets

The rise of the AI-driven economy has created a powerful tension: workers feel concern even as opportunities grow. One survey revealed that only 28% of surveyed workers operate with a “pilot” mindset—optimistic, proactive, and ready to leverage AI—while 72% feel more like “passengers,” unable to exert control in the face of disruption.33

Without mindset support and intentional human-machine work design, even the best-designed ramps may remain underutilized. Coaching, mentoring, and leadership development can shift this trajectory, helping workers build optimism and agency and adapt with resilience.34

The Designing Your Life Institute offers one such coaching model, leveraging design thinking to help workers take agency over their careers.35 In Singapore, the government’s workforce body partners with the Designing Your Life Institute to offer courses free for early-career workers, and at subsidised rates for mid- and late-career workers.36 This combination of structured support and national policy creates a culture where reskilling and reinvention are celebrated, not stigmatized.

2. Repurpose the budget

Ramps need not increase costs. Organizations can redirect a portion of restructuring budgets into ramp mechanisms, such as alumni and ecosystem talent platforms or microgrants.

Nokia’s Bridge Program, launched during its 2011 to 2014 restructuring, offered 18,000 employees four pathways: reemployment into other open roles, job search support, retraining support, or funding for startup ideas.37 At €50 million38—compared to total restructuring costs of €1.7 billion39—the program mitigated many downsizing risks. Employee engagement scores remained stable throughout layoffs, suggesting that the program also helped to sustain psychological safety and morale among remaining employees.40 Such models can be extended to the workforce ecosystem, including alumni and ecosystem talent, multiplying organizational reach and resilience.

3. Institutionalize governance

Ramps work well when they are managed with discipline, empathy, and compliance. Organizations need clear rules on intellectual property, conflicts of interest, and non-compete boundaries to mitigate potential legal challenges. They also need lightweight contracting mechanisms that make it easy for an extended workforce—including alumni and ecosystem talent—to engage in fractional and project work. Governance should also ensure compliance with local labor laws and AI regulations, such as codetermination in Germany, worker consultation in the EU, and other jurisdictional requirements.

Cross-functional governance enables ramps to scale without friction and positions workforce ecosystem engagement as a trusted, repeatable process.

4. Measure what matters

To prove value, organizations should track real outcomes, not just sentiment, across human, machine, and ecosystem performance. These value creation outcomes could include:

  • Reputation lift: Brand favorability, societal impact metrics, workforce and alumni satisfaction
  • Revenue contribution: Sales and pipeline attributable to engaging workers and alumni as vendors, advisors, or partners 
  • Innovation yield: Startups funded, worker AI adoption, IP licensed, prototypes commissioned
  • Participation: Worker engagement with talent ramp programs and opportunities

Organizations can use these measures to demonstrate the tangible impact of talent ramps, inform continuous improvement, and communicate value to stakeholders across the workforce ecosystem.

5. Advocate for worker policy support

Ramps need robust social infrastructure to support talent moving in and out of traditional roles. Forward-thinking organizations should advocate for and actively shape and influence policy to reflect the shift from managing employees to orchestrating talent ecosystems.

While government action is important to establish stronger and lasting safety nets for fractional workers, organizations can take the lead by partnering with private social infrastructure providers to support talent—including alumni and ecosystem talent—through transitions. Online platforms for portable benefits can provide workers with long-term coverage—including healthcare and unemployment insurance— enabling them to move seamlessly between roles and employers.41

From disruption to advantage

The AI-driven workforce transition is not a passing trend—it is a structural shift that will likely redefine competitive advantage. Organizations risk more than short-term turbulence when they view disruption solely as a series of layoffs; they risk eroding trust, losing institutional knowledge, and weakening their capacity to innovate.

Organizations have an opportunity to establish stronger, more enduring relationships with workers, both inside and outside the organization, by shifting from a headcount-based approach to a more relationship-centric model focused on intentional orchestration of workforce ecosystems. Employment is no longer a static promise, but an entry point into a network of capability and capacity that creates opportunities long after roles evolve. By redesigning work and reimagining talent transitions as strategic investments, organizations can turn AI disruption into competitive advantage, reallocating employees into new roles while engaging alumni and ecosystem talent as clients, collaborators, and ambassadors.

In an AI-driven economy where organizations are leaner, and the ability to access capability and capacity at speed and scale is more important than ever, talent ramps are more than a luxury. They can be a lever for resilience, reputation, and relevance. Those who act now may not only navigate disruption—they will likely shape the future of work.

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Meet the industry leaders

Nicole Scoble-Williams

Global Future of Work leader, Human Capital partner

Duleesha Kulasooriya

Managing director | Deloitte Center for the Edge Southeast Asia| Asia-Pacific innovation leader

Artie Gindidis

Human Capital Australia market activation lead | Partner, Technology and transformation

Miri Stephanie Takakura

Singapore Human Capital advisory leader | Director | Deloitte Singapore T&T Pte. Ltd.

BY

Artie Gindidis

Australia

Endnotes

  1. Elizabeth J. Altman, Robin Jones, David Kiron, Susan Cantrell, Steve Hatfield, “Managing an extended workforce: How intentional orchestrators find success in workforce ecosystems,” Deloitte Insights, March 20, 2023.

  2. Tanja Weber, “It’s that time again: 2026 Works Council elections in Germany,” Employment Law Worldview, Nov. 25, 2025.

  3. These archetypes were identified and developed by the Deloitte Center for the Edge team through a foresight-driven review of Deloitte future of work research.

  4. UNESCO, “Global report on teachers: What you need to know,” Feb. 22, 2024.

  5. World Health Organization, “Health workforce,” accessed December 2025.

  6. Deloitte US, “Creator economy growth: Empowering content creators,” accessed December 2025.

  7. EU Artificial Intelligence Act, “EU Artificial Intelligence Act | Up-to-date developments and analyses of the EU AI Act,” accessed December 2025.

  8. Morgan Stanley, “Humanoids: A $5 trillion market,” May 14, 2025.

  9. OryLab, “Dawn avatar robot café,” accessed December 2025.

  10. Michael Purton, “4 practical solutions to the world’s spiraling housing crisis,” World Economic Forum, June 10, 2024.

  11. World Economic Forum, “The future of jobs report 2025,” Jan 7, 2025.

  12. Dentsu, “2025 gaming trends report,” accessed December 2025.

  13. Ari Levy, “ New report shows the staggering AI cash surge — and the rise of the ‘zombiecorn’,” CNBC, May 20, 2025.

  14. Pallavi Singal, “The state of AI in 2025: Key trends shaping the future of artificial intelligence,” Business ABC, Feb. 6, 2025.

  15. World Economic Forum, “Future of jobs report 2025: 78 million new job opportunities by 2030 but urgent upskilling needed to prepare workforces,” press release, Jan. 7, 2025.

  16. European Commission, “Cyber Resilience Act,” accessed December 2025.

  17. The Treasury, Australian Government, “Regulating digital asset platforms—exposure draft legislation,” accessed December 2025.

  18. Ipsos, “Predictions 2025 report,” December 2024.

  19. TrueUp, “Tech layoffs tracker,” data pulled in December 2025.

  20. Wyatte Grantham-Philips, “Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently,” Yahoo! Finance, Nov. 27, 2025.

  21. Lutfil Jumadi, “Fewer graduates found work 6 months after leaving university in 2024, median salary rises 4.2%: Survey,” Channel News Asia, Feb. 24, 2025.

  22. Brendon Bernard, “The US tech hiring freeze continues,” Hiring Lab, July 30, 2025.

  23. Marc Alexander Penzel, “How AI is fundamentally changing the operational needs of startups,” World Economic Forum, April 9, 2025.

  24. Didier Elzinga and Amy Lavoie, “Research: The long-term costs of layoffs,” Harvard Business Review, Oct. 9, 2024; Matthew Boyle and Mathieu Benhamou, “The true cost of layoffs,” Bloomberg, Aug. 7, 2024

  25. Kamran Eshghi and Vivek Astvansh, “Stock investors’ reaction to layoff announcements: A meta-analysis,”Human Resource Management Journal, September 2023.

  26. IBM, “IBM launches “transition to teaching” program; First-of-a-kind national program to leverage scientific expertise of experience,” press release, Sep. 16, 2025.

  27. Akkodis, “Akkodis supports BMW’s senior experts program,” accessed December 2025.

  28. BMW Group, Welcome to the BMW Group’s senior expert programme,” accessed December 2025.

  29. Airbus, “Airbus explores a new cabin innovation for passengers with limited mobility,” Oct. 24, 2016.

  30. Airbus, “Airbus Creators: Airbus Protospace,” March 9, 2025.

  31. Melia Russell, “Another startup is creating its own VC fund to invest in ex-employees, and the CEO is so confident that he’s writing checks to alums who meet just 3 criteria,” Business Insider, March 3, 2020.

  32. Reed Alexander, “Inside the perks and benefits of Goldman’s exclusive alumni network,” Business Insider, Aug. 1, 2025.

  33. BetterUp, “The next evolution in management,” accessed December 2025, p. 16.

  34. Indro Roy, Agency At Work: The Secret To Going From Burnt Out To Fired Up In The Modern Workplace (Singapore: World Scientific, 2023), p. 78.

  35. Designing Your Life Institute, “About,” accessed Dec. 2025.

  36. Stephanie Yeo, “Life Experience: Reinvent yourself in your 50s with a modelling course and career guidance workshop,” The Straights Times, July, 28, 2025.

  37. Tracy Mayor, “Ethics and automation: What to do when workers are displaced,” MIT Sloan School of Management, July 8, 2019.

  38. Sandra J. Sucher and Shalene Gupta, “Layoffs that don’t break your company,” Harvard Business Review, May–June 2018.

  39. Ben Duronio, “Moody’s cuts Nokia to junk status,” Business Insider, June 15, 2012.

  40. Sucher and Gupta, “Layoffs that don’t break your company.”

  41. SafetyWing, homepage, accessed December 2025.

Acknowledgments

The authors would like to thank Michael Sagna for his efforts on research and analysis, which contributed significantly to this article’s development. They also thank Abha Kishore Kulkarni for providing support with statistics throughout the piece.

The authors also extend their heartfelt thanks to the following, whose feedback has made the creation of this report possible: Anton Pichler, Clare Harding, Corrie Commisso, Indranil Roy, Iskandar Ruhaizat, James Walton, Jeanette Juay, Jennifer Wright, Kurt Proctor-Parker, Maria Kudrina, Mark Maclean, Mark Teo, Matthew Cheuk, Michelle Khoo, Mike Canning, Nozomi Sakurai, Robert Hillard, Sayanika Bordoloi, and Sonia Breeze.

Editorial (including production and copyediting): Corrie Commisso, Annalyn Kurtz, Sayanika Bordoloi, and Anu Augustine

Design: Sanaa Saifi and Sylvia Chang

Knowledge services: Rohan Singh

Audience development: Pooja Boopathy

Cover image by: Sanaa Saifi

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