Each day we read reports that the economy is booming.
“U.S. housing and consumer are strong” (1)
“Factory output is poised to speed up.”
“Stronger global growth expectations and a weaker dollar should help.”
“The stock market hits record highs…”
With that being the case, you might find it surprising that several large corporations have recently announced they will be laying off large numbers of employees, especially managers. (2)
Companies which are facing an increasingly tough business environment are being forced to “slash costs and stabilize”. (3) Some companies find themselves at a disadvantage because of the move away from fossil fuels. (4) Some companies have failed to innovate in order to remain competitive. Some companies have to carry legacy costs that newer competitors, especially those in the technology or e-commerce space do not have. Many companies are struggling to keep up with commodity and wage costs that are rising with inflation.Continue reading “How to Deal with Being Laid Off: 5 Strategies To Prepare For Job Change”