We had "the great resignation" of 2021 and 2022 when ambitious professionals quit for higher-paid roles in start-ups and tech companies.
Now we are witnessing the "great sit-in" or "sit-tight", with employees sticking with jobs because the economic climate has deteriorated dramatically in the last 18 months - and frankly, workers are enjoying the less-stress environs of hybrid jobs or WFH.
To counterbalance this trend, corporates are now starting to show the upwardly immobile the door.
PwC is the latest to take action. It is set to reduce its UK workforce by 500-600 roles due to a significant drop in staff turnover rates.
The company is initiating a voluntary redundancy scheme but is prepared to enforce compulsory layoffs if the voluntary numbers are insufficient.
The decision, PwC said, comes as the professional services group experiences a lower-than-usual resignation rate, which, according to reports, has recently decreased by 5 percentage points to around 10%.
This reduction in departures has prompted the firm to take action, being the last of the Big Four accounting firms in the UK to do so.
The proposed job cuts represent about 2.4% of PwC's 25,000 UK employees, primarily impacting the advisory and, to a lesser extent, the tax departments, according to the FT.