Restructuring is not complete when the new org chart is announced. HR leaders need to manage the people side early, including impacted employees, survivors, managers and leaders. For the first time since 2020, Hong Kong C-suite leaders are now more likely than the broader workforce to expect headcount reductions — 29% anticipate cuts, and only 19% of organisations expect to grow headcount in 2026, the weakest reading in years. [Source: KPMG Hong Kong Employment Outlook 2026]