Job cuts rise in November, causing employees to shift focus to ‘career cushioning’ 

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Description: The rate of job cut announcements at U.S. employers in November was more than five times greater than a year ago, according to a report by Challenger, Gray & Christmas. Overall, U.S.-based firms announced 76,835 job cuts in November, led by the technology sector. So far this year, tech companies have announced nearly 81,000 cuts.

Source: CNBC.com – video report

Date: Dec 01, 2022

Link: https://www.cnbc.com/2022/12/01/employees-to-shift-focus-to-career-cushioning-as-job-cuts-rise.html

Questions for discussion:

  • What is happening in the job market and how are employers and employees adjusting?
  • What comment and advice would add to this discussion?