LAYOFFS: LinkedIn reported that 85% of workers fear being laid off in 2024. So the one burning question in many people’s mind is, “Will I get laid off this year? Is my job in jeopardy?” The answer is - maybe. Tech jobs got hit the hardest last year, but many employees in other industries found themselves looking for work, too. Employees were blindsided when numerous companies cut long-term employees, eliminated whole divisions, and restructured with little warning.
In 2023, those in tech, HR, and Sales experienced the most layoffs. And the technology industry once again demonstrated its ruthlessness by firing people right before Christmas. It’s unknown how the layoff picture will be remembered in 2024, but layoffs will continue. If you hear rumors or see a mass exodus of senior leadership with some bad company financial reports, polish up your resume and start looking.
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