Ridin’ the storm out
Posted on May 1, 2008
Filed Under Career Development, Boomers, Gen X, Gen Y, Job Search
Not to beat a dead horse, but today Reuters is reporting the following. ‘U.S. companies’ planned layoffs jumped 68 percent in April from the prior month to the highest since September 2006, pointing to further deterioration in the labor market, a report showed on Thursday.’
If you haven’t read the writing on the wall, here’s where I think we stand. In my opinion, most of this is trickle down from the mortgage disaster and fuel prices. As we’ve seen as fuel prices go up, so does almost everything else. Some companies pass these costs on to consumers, as you’ve seen if you’ve been to the grocery store lately. The other outcome here is layoffs. Layoffs are up and I think they’ll get worse before they get better. My advice, hunker down and ride this one out, keep your ears open at work, and always have an updated resume and strong network just in case.
Until next time…
[…] entries by author Scott Williamson have indicated the complete opposite. His forecast is to expect layoffs, rescinded job offers, and further fallout in the job market from the housing […]