Initiating counselling services before the start of the retrenchment process is crucial. Such preemptive support prepares employees for the emotional toll of job loss and provides a confidential environment to discuss anxieties and concerns, significantly reducing stress related to upcoming changes. Maintaining clear and open communication throughout the retrenchment process is vital. Employees should be … Read more
Here are some tips on how to land your next role after being laid off. Violetastoimenova | E+ | Getty Images Companies around the world have continued to downsize following the overhiring spree during the pandemic. Since the start of the year, more than 57,000 employees have been laid off globally, according to Layoffs.fyi. From … Read more
With a number of major companies announcing layoffs at the beginning of the year, you may be wondering how to get your own finances in shape in case your job is next on the chopping block. The key to layoff-proofing your money is planning, says Anne Lester, a personal finance expert and author of “Your … Read more
Skynesher | E+ | Getty Images New government data shows a surprisingly strong job market for the month of January. But there are signs of weakness in the labor market, based on tens of thousands of workers who have been laid off since 2024 started. U.S. employers announced 82,307 job cuts in January, up from … Read more