For those guys and gals here talking about a recession, well this article throws gasoline on that fire.
News Article: Business Is Booming For Layoff Specialists
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It makes sense. There is fat in many business budgets - and with the downturn/recession hitting certain industries - I’m sure folks billing themselves as efficiency specialists can smell a nice consulting job!
I can't personally vouch for this, but it could well be. Cut backs could be coming. Often they are done over the holiday season.
SJG
Jane - School of Rock youtube.com
If layoffs are coming send them my way. Our company is only at 90% employment capacity and it’s been that way since January
Mostly blue collar type warehouse and assembly but lower level managers also. It’s used to be marketing graduates flooded the job market and it was tough getting a job. We have a entry level marketing position open, and HR isn’t even asking for any experience. A degree in marketing gets the job and we have zero, that’s zero applicants since spring. Not one spring graduate applied
Well, in many sectors their may indeed be layoffs coming, and that will not help anything.
SJG
A lot of the layoffs so far are in tech companies that were high growth but little or no profit. They really didn’t have a business plan for making a profit but investors were lined up to give them money.
The next group to experience layoffs will be companies affected by supply chain issues. If you don’t have the parts, you don’t need the workers.
I expect that old fashioned, boring businesses that make things people need will do just fine.
Well your second group is probably old fashioned and boring too. The only people who ever get squeezed in our society are those who actually work for their living.
SJG
Aside from anecdotes, I see no evidence of trends in layoffs and involuntary separations. Show me a number before you speculate about either cause or effect. (I'm looking at the JOLTS series in the St Louis Fed.)
Not seen evidence of layoffs myself, but building trades are slowing down and retail is slow. As far as broader layoffs I would not be surprised.
SJG
Vanilla Fudge - Keep Me Hanging On - Chicago School of Rock Show Team youtube.com
"Involuntary separation " nice euphemism
“Show me a number”
Here’s a lot of numbers from tech, the first wave. Dozens of examples are not anecdotes, they are data
So far this year, these separations have been running 1.2 to 1.4 million per month with, as I say, no particular trend. I see my mistake: when I asked for "a number" I should have specified "relevant number". In an economy this size, there are always going to be firms adding and subtracting workers.
If you think there's something special going on in IT, in January there were 84,000, and in June 38,000.
If you want to claim something unusual is happening, you can't generally prove it by listing examples of things that happen all the time
Why do you use euphemisms. Just call it what it is. People being kicked out of their jobs coz the rich want to brave money
The consequences of free money. After 15 years of lazy management, corporations are bringing in the Bobs to ask employees to explain what they do.
That’s what recessions do. They cull the herd.