thecareerbeat.com Blog

Lots of bad news this week…

April 18, 2008 on 6:29 pm | In economy/job market, job security | No Comments

… At least in terms of the job market.

Layoffs were a common theme in business news this week.  The big-name employers getting ready to issue pink slips include Citigroup, Merrill Lynch, AOL, AT&T, and possibly E*Trade.  The projected total number of jobs slashed from just those companies comes to more than 15,000, conservatively.  And that’s on top of recent bad news in the airline industry (see “Prepare for turbulence“).

Today’s New York Times reports on another disturbing trend — many employees are working fewer hours these days as compared to six months ago. It’s another sign of a deepening recession, the article suggests.

All this bad news is also a strong reminder to make sure your resume is updated, among other steps you can take to avoid being hurt by the economic slowdown. For more, check out these articles:

• Keeping your job security in uncertain economic times
• 5 ways to keep your job in a recession
• Maximize your long-term salary growth