Key takeaways

• The trend of mass layoffs and downsizing is the result of companies strategising for a more digital future.

• Automation provides new opportunities for the workforce through the implementation of technology that works alongside people.

• IoT automations make workstreams more interconnected, potentially boosting worker productivity.

The reasons behind the labour force shortage

Downsizing is as much a cost-cutting decision as it is a strategic one. It often involves several factors beyond finances. 

Companies spend as much as 50% of an individual employee’s compensation in layoff efforts.

Fill in the gaps with automation

Will technology replace people and their jobs?

Automating with IoT

Workforce Manager

Smart Access

Fleet Manager

Looking forward with automation

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