Learn more about career with this collection
Effective communication with remote employees
Strategies for building trust and accountability
Techniques for managing remote teams
Many are seeing layoffs in the news and wondering about their own risk of being laid off. Every industry, company, even department has a different risk, but some areas are more vulnerable than others.
The basic rule is the closer your job is to the most profitable activities of the company, the lower your risk of layoff.
If you're an essential part of building the most profitable product for your company, your layoff risk is low. When retreating to the core business, companies turn to the quality products that make money.
Those areas run quite lean in most companies.
There is usually little excess to cut. In addition, HR is essential in the layoff process, and finance is often relied on as the financial status gets more scrutiny.
As such, these areas are rarely the source of major cuts in most layoffs.
More risky are the activities considered luxuries, like generous benefits and employee perks, and so on.
If you are involved in planning events, for example, those are some of the first things that companies cut when times get tight.
If, when times were flush, the company recently decided to explore new lines of business, or expand into new territories, those are tenuous places to work.
Unless the company is making a concerted effort to pivot entirely to these new areas, these kinds of new initiatives are often the first ones cut when times are leaner.
At the extreme end of the risk spectrum are contract employees. One of the main reasons companies use temporary or contract workers is for this very contingency.
Contract employees are usually the first out when the tide turns.
Beyond these areas, most jobs fall somewhere in between these poles.
Regardless of your layoff risk, keeping your résumé up-to-date is always good advice. You'd much rather have it and not need it, than need it and not have it.
Keeping your résumé current can help you not only weather the looming storm, but it will give you confidence that you can bounce back regardless of your layoff risk.
A good tool is to maintain a personal list of your accomplishments in a running document. Include major successes, and the essential summary information you might include when describing your job to an outsider. Update this list at least once a month to ensure that it's current and your memory of events is fresh.
Lifelong Learner. Audible Fan. Deep Generalist.
There are news everywhere about tech companies announcing jobcuts and layoffs due to the ongoing recession. Here is some expert opinion on this topic.
More like this
The Real Definition of Growth Marketing
Explore the World’s
Take Your Ideas
Just press play and we take care of the words.
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
2 Million Stashers
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
Read & Learn
Access to 200,000+ ideas
Access to the mobile app
Unlimited idea saving & library
Unlimited listening to ideas
Downloading & offline access
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates