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In 2021, a significant number of employees were resigning, with 40 individuals about to quit and 26 more likely to follow post-pandemic. The video discusses the nature of exit interviews, which are most frequent in consulting and non-profit sectors, while only 20% occur in utilities and educational institutions. The speaker, Manchek, argues that exit interviews are largely ineffective, emphasizing their transactional nature, which undermines their value. Employees should feel empowered to decide how honest they wish to be in these interviews, as the process often fails to provide meaningful insights for both parties.