<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

How can Kimberly-Clark Professionals Recover if They are Affected by Layoffs in 2023?

image-table

As Kimberly-Clark employees navigate the turbulent waters of workforce reductions, it’s important to understand the emotional toll such events can take,' says Brent Wolf from The Retirement Group, a division of Wealth Enhancement Group. 'Fostering resilience and seeking professional guidance during these challenging times can be important for the long-term career and mental health stability,' he adds.

Kevin Landis of The Retirement Group, a division of Wealth Enhancement Group, highlights the importance of mental health support for Kimberly-Clark employees who have been laid off, suggesting that 'creating an environment where emotional well-being is prioritized can significantly mitigate the psychological impacts of job loss''.

In this article, we will discuss:

  • The Psychological Impact of Redundancies:  This paper aims to explore the emotional and mental effects of job loss on individuals and the rising risks of depression and anxiety.

  • Case Studies of Professional Setbacks:  In this paper, personal narratives of individuals who have experienced layoffs will be analyzed to determine the long-term effects on their career paths and self-esteem.

  • Strategies for Recovery and Adaptability:  Here, we discuss mental health support, re-skilling, and strategies like 'quiet resigning' to help lessen the effects of workforce reductions.

The recent round of redundancies affecting more than 20,000 people has once again raised important questions about the psychological effects of sudden employment dismissal. This is not just a numbers game – it is also extremely emotional, affecting the individual’s career and self-identity.

A person who wanted to become a journalist moved to New York for the summer in 2021. Two years ago, they left the Midwest and established themselves in the East Village, waiting for the start of a job that was supposed to offer growth and stability. Despite the optimism, there was a quiet sense of dread that served as a tiny echo of what was to come. It was eight months later when an unforeseen consequence arose in the form of workforce reduction.

Not only did this sudden change lead to a professional setback, but it also brought about a great psychological discomfort. Despite the fact that four months after being laid off, he was successful in his job search, the fear persisted, fueled by a society that tends to equate professional achievement with individual identity. This fear is not unfounded; research has shown that people who are out of work are up to four times as likely to become depressed, anxious, have low self-esteem, and lack confidence. The Centers for Disease Control and Prevention (CDC) reports that the rate of depression among young adults who are unemployed is about three times that of their employed peers.

The psychological effects of workforce reductions are not only felt by employees of Kimberly-Clark. As explained by Dr. Darryl Rice, an excellent professor at Miami University in Ohio, unemployment is a form of deterioration that erodes the individual’s essential self-esteem. Charlie Trevor, from the School of Business at Wisconsin University, has found that this happens usually in the future and creates a sense of discomfort and doubt about the employer’s loyalty.

The feeling captured is echoed in the story of Remina Nair from London, who, despite looking for new opportunities for employment after being laid off, had to see a counsellor because she felt uncertain and doubtful about herself. The experience of the individual shows that redundancies are often carried out for reasons that are outside the control of the employees. Though many people understand this in the rational part of their mind, they are often unable to do so in the emotional part of their brain.

In addition to the existing challenges of the post-layoff environment, there are the terms of the exit. Future employer perceptions are greatly influenced by the circumstances of the layoff including severance and career support, according to Connie Wanberg of the University of Minnesota. According to Trevor, the transgression that happens after being laid off is considered a breach of contract thus making people rethink their expectations; this causes such experiences to have a lasting impact.

The story written by Stephen Bowlby from Colorado Springs illustrates the massive impact of this to the utmost. He could not prevent redundancies through his film and television careers, which often demanded a sacrifice of his personal life. The feelings of hopelessness and regret that are combined with the need to reestablish oneself professionally demonstrate the difficulties of recovery from a termination.

The emotional challenges described are consistent with the findings of Trevor’s research which established that employees are 56% more likely to resign from any job after being laid off, and 65% more likely to quit their first job after being laid off. The negative psychological consequences of these experiences often result in incompatible job descriptions or lower salaries that add insult to injury.

It is not just a question of personnel issues that are the prevalent workforce reductions in American business, it is an obstacle for leadership that may erode the trust, loyalty, and continued employment of the employees. The notion that job security is assured through hard work often leaves people feeling hopeless and resentful. What can Kimberly-Clark personnel recover?

Featured Video

Articles you may find interesting:

Loading...


One approach that is starting to take shape is the 'quiet resigning' trend, which involves setting some boundaries at work and focusing on your mental health. However, this does not address the root issue: lack of clarity on the authority regarding the organizational decisions pertaining to personnel. It is important to break the stigma associated with the psychological effects of unemployment and offer people a place to turn and share stories and encouragement.

Sources: 

  1. Kim, Jean. 'The Underrated Trauma of Being Fired.' Psychology Today, Aug. 2021, www.psychologytoday.com/articles/the-underrated-trauma-of-being-fired. Accessed 5 Feb. 2025. 

  2. 'Coping with Termination's Psychological Impact on Staff.' Labour Laws UK, labourlaws.co.uk/coping-with-terminations-psychological-impact-on-staff. Accessed 5 Feb. 2025.

  3. 'What Are the Psychological Effects of Being Fired?' Pursue The Passion, pursuethepassion.com/psychological-effects-of-being-fired. Accessed 5 Feb. 2025.

  4. 'Psychological Impact of Termination: Corporate Support Strategies.' Floowi Talent, floowitalent.com/psychological-impact-of-termination. Accessed 5 Feb. 2025.

  5. Highlights the responsibilities of corporations to provide emotional and career support to terminated employees.

What is the 401(k) plan offered by Kimberly-Clark?

The 401(k) plan offered by Kimberly-Clark is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How does Kimberly-Clark match employee contributions to the 401(k) plan?

Kimberly-Clark provides a matching contribution to the 401(k) plan, which typically matches a percentage of what employees contribute, up to a specified limit.

Can employees at Kimberly-Clark choose how their 401(k) contributions are invested?

Yes, employees at Kimberly-Clark can choose from a variety of investment options within the 401(k) plan to align with their retirement goals.

When can employees at Kimberly-Clark enroll in the 401(k) plan?

Employees at Kimberly-Clark can enroll in the 401(k) plan during their initial onboarding period or during designated open enrollment periods.

Is there a vesting schedule for Kimberly-Clark's 401(k) matching contributions?

Yes, Kimberly-Clark has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period before they fully own the matched funds.

What is the maximum contribution limit for Kimberly-Clark's 401(k) plan?

The maximum contribution limit for Kimberly-Clark's 401(k) plan is subject to IRS regulations, which are updated annually. Employees should refer to the latest guidelines for specific limits.

Does Kimberly-Clark offer any financial education resources for employees regarding their 401(k)?

Yes, Kimberly-Clark provides financial education resources and tools to help employees make informed decisions about their 401(k) savings and investments.

Can employees take loans against their 401(k) savings at Kimberly-Clark?

Yes, Kimberly-Clark allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What happens to my 401(k) if I leave Kimberly-Clark?

If you leave Kimberly-Clark, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the Kimberly-Clark plan if allowed.

How often can employees change their contribution amounts to the 401(k) at Kimberly-Clark?

Employees at Kimberly-Clark can typically change their contribution amounts to the 401(k) plan during designated enrollment periods or as specified by the plan guidelines.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Kimberly-Clark offers both a defined benefit pension plan and a defined contribution plan. The defined benefit plan provides retirement income based on years of service and compensation, with benefits frozen but payable upon reaching specific milestones. In 2015, the company transferred payment responsibilities for retirees to Prudential and MassMutual.
Restructuring and Layoffs: Kimberly-Clark announced it will lay off approximately 1,000 employees globally as part of a restructuring plan to improve operational efficiency (Source: Reuters). Cost Management: The company aims to save $500 million annually through these measures. Financial Performance: Kimberly-Clark reported a 5% increase in net sales for Q3 2023, driven by strong demand for personal care products (Source: Kimberly-Clark).
Kimberly-Clark grants RSUs that vest over time, providing shares upon meeting vesting conditions. Stock options are also part of their compensation plan, allowing employees to purchase shares at a fixed price.
Kimberly-Clark has been actively enhancing its employee healthcare benefits to adapt to the current economic, investment, tax, and political environment. In 2022, the company introduced several new healthcare initiatives aimed at improving employee well-being. These included comprehensive health insurance plans covering medical, dental, and vision care, along with mental health support through Employee Assistance Programs. The company also offered flexible work arrangements and wellness programs to help employees manage stress and maintain a healthy work-life balance. These enhancements reflect Kimberly-Clark's commitment to fostering a supportive and healthy workplace, which is essential for maintaining productivity and morale in a competitive market. In 2023, Kimberly-Clark continued to build on these initiatives by introducing additional benefits, such as increased access to telemedicine services and expanded support for mental health and wellness. The company's focus on employee healthcare aligns with its broader strategy to create a resilient and engaged workforce capable of navigating the complexities of the current economic landscape. These efforts are particularly important given the ongoing economic uncertainties and the increasing importance of employee well-being in driving business success. By investing in comprehensive healthcare benefits, Kimberly-Clark aims to attract and retain top talent, ensuring long-term sustainability and growth.
New call-to-action

Additional Articles

Check Out Articles for Kimberly-Clark employees

Loading...

For more information you can reach the plan administrator for Kimberly-Clark at 100 centurylink drive Monroe, LA 71203; or by calling them at 800-871-9244.

https://annualreport.stocklight.com/nyse/kmb/23601986.pdf - Page 5, https://www.kcpensions.co.uk/documents/kimberly-clark-pension-scheme-2022.pdf - Page 12, https://www.kcpensions.co.uk/documents/kimberly-clark-pension-scheme-2023.pdf - Page 15, https://www.kcpensions.co.uk/documents/kimberly-clark-pension-scheme-2024.pdf - Page 8, https://www.kimberly-clark.com/documents/benefits-guide-2023.pdf - Page 22, https://www.kimberly-clark.com/documents/benefits-guide-2024.pdf - Page 28, https://cache.hacontent.com/documents/kimberly-clark-retirement-guide-2022.pdf - Page 20, https://cache.hacontent.com/documents/kimberly-clark-retirement-guide-2023.pdf - Page 14, https://cache.hacontent.com/documents/kimberly-clark-retirement-guide-2024.pdf - Page 17, https://www.kimberly-clark.com/documents/healthcare-plan-2023.pdf - Page 23

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Kimberly-Clark employees