March, Number of U.S. layoffs increases Job cuts rose 7% from February’s 84,638 to 90,309, the highest since January 2023, as AI-related restructuring continues to make its presence felt across many industries.
While technology layoffs may have dominated the headlines in 2022 and 2023, with 165,269 and 263,180 workers receiving severance notices, respectively, in March Including personnel reductions in the U.S. military, 36,044 people have been laid off, and government employees are also feeling the pinch.
in report published According to outplacement support firm Challenger, Gray & Christmas, the main reason for these layoffs was “cost cutting,” followed by “restructuring.”
“While below last year’s levels, layoffs did close out the first quarter. Many companies appear to be returning to a ‘do more with less’ approach.” said Andy Challenger, a labor expert and the company’s senior vice president.
“While technology continues to lead all industries so far this year, some industries, including energy and industrial manufacturing, have cut more jobs this year than last.”
Prepare for the worst, hope for the best
When it comes to getting fired, ignorance is never a happy thing. When the dreaded HR email or meeting request arrives in your inbox, you can always feel better knowing it ahead of time and knowing that change is afoot.
First, there are many things you can start doing behind the scenes to strengthen your position.
Update your master resume and cover letter to include all information relevant to your current role. You’ll need to make adjustments to each job application you create in the future, but having an up-to-date master copy on file will make the process less difficult.
Next, look at your professional network and see how you can use it to learn about market trends and whether other companies are hiring.
While catching up over coffee or introducing yourself at a networking event won’t instantly land you a job offer, a little effort can go a long way. Research conducted Research from the Federal Reserve Bank of St. Louis shows that jobs obtained through network searches pay better, and better-connected workers can climb the career ladder faster.
Finally, it pays to use your time wisely to hone your soft skills. Doing so not only increases your value to your current employer, but also protects your skillset when the job market approaches.
According to the latest information, World Economic Forum “Future of Jobs” ReportAnalytical and creative thinking are listed as the top soft skills of the future, followed by resilience, flexibility, agility, motivation, self-awareness, curiosity and lifelong learning.
However, the WEF also reveals that 60 per cent of workers will need to upskill in these areas by 2027, and only 50 per cent currently have access to appropriate learning and development opportunities. did.
Whether you’re facing layoffs or your current employer is growing, the important thing to remember is that it’s never too early to start planning your next career move. And if you’re looking for a way to keep your options open, check out The Hill Jobs Board, which features thousands of job listings from companies that are actively hiring, including his three companies below. It’s the perfect place to grab attention.
The National Education Association is seeking a Legislative and Member Advocacy Specialist to support the advancement and advocacy of public education by providing program coordination and specialized online support for federal issues advocacy initiatives. As such, he plans, develops, and implements strategies to advance and expand NEA’s online advocacy programs, and serves as department editor for the NEA Action Center and Government Relations section of the InsideNEA subsite and workspace. Masu.
Elsewhere in Washington, PEN American, a nonprofit organization working at the intersection of literature and human rights, is hiring leaders in government and international affairs. In this role, you will have the opportunity to engage in meaningful and diverse work on a variety of freedom of expression and human rights issues in the United States and around the world.
For those interested in empowering the next generation of Latinos, Voto Latino is a detail-oriented organization responsible for managing the President’s schedule and calendar and serving as the first point of contact for the Office of the President. I’m looking for a presidential scheduler. . This role plays a critical role in supporting the organization’s mission by enabling the President to effectively allocate time and attention to key initiatives and stakeholders.
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