50% of employers expect job cuts, survey finds. Here’s how to prepare for a potential

[Peter1469]

As the recession deepens, job cuts are coming.

During the COVID lockdowns, many people made their own work, I suspect online for most. So the people who will soon lose their jobs may be able to do the same thing.

50% of employers expect job cuts, survey finds. Here’s how to prepare for a potential

Many companies have announced layoffs in recent weeks, and others have hinted that cuts may be coming. Luckily, there are steps workers can take to prepare.



“At the end of day, you can’t control what’s happening in the economy, but you can control building a strong professional resilience,” according to Mandi Woodruff-Santos, a career and money coach.





Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Re/Max, Walmart and Wayfair are among the firms that announced layoffs in recent weeks.



Meanwhile, 50% of firms are anticipating a reduction in overall headcount, while 52% foresee instituting a hiring freeze and 44% rescinding job offers, according to a PwC survey of 722 U.S. executives fielded in early August.
These are executives’ expectations for the next six months to a year, and therefore may evolve, according to Bhushan Sethi, co-head of PwC’s global people and organization group.

[stjames1_53]

Well, one could always become a substitute teacher...........................however, there ain't no combat pay

[FindersKeepers]

Recessions always lead to job losses, and deep recessions lead to deep job losses.

The unemployment rate is going to tick back up.

[DGUtley]

they can print and distribute more to the sheeple…


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[stjames1_53]

I bet there are some people who know they should have invested in gold and silver before now. 2008 was a warning shot.
The last recession Depression ('29), that is what kept local economies running. Gov'ment script was worthless.

[Peter1469]

they can print and distribute more to the sheeple…

They can, but the increase in inflation or stagflation will over take the free money.