Preparing for Layoffs: Essential Strategies to Safeguard Your Career

Friday, 26 April 2024, 15:28

In March, U.S. layoffs surged by 7%, reaching the highest rate since January 2023 due to AI-related restructuring impacting industries. Tech layoffs dominated headlines in 2022 and 2023, alongside cuts in government jobs. Expert insight from Challenger, Gray & Christmas emphasizes the need for cost-cutting and restructuring. Discover key strategies for job security amidst layoffs and the importance of upskilling and networking to navigate through uncertain times effectively.
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Preparing for Layoffs: Essential Strategies to Safeguard Your Career

Impact of Rising Layoffs in the U.S.

In March, U.S. layoffs rose by 7%, escalating to the highest rate since January 2023, driven by AI-related restructuring.

Insight on Job Cuts

Expert report highlights 'cost-cutting' and 'restructuring' as primary reasons for layoffs, signaling a need for business adaptability.

Strategies for Career Resilience

  • Update CV: Maintain an updated CV to streamline future job applications.
  • Network: Leverage professional connections for market insights and job opportunities.
  • Upskill: Enhance soft skills to remain competitive in evolving job markets.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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