by
Pamela Skillings
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Thanks to the US housing slump, we’ve seen 87,962 job cuts in the financial services sector so far this year. According to consulting firm Challenger, Gray & Christmas, that’s 75% more job cuts than the sector reported in all of 2006. In the last week alone, more than 8,600 mortgage-related job cuts were announced.
This depressing news is just another reminder that mass layoffs are now business as usual. That doesn’t make it any easier for those who received their walking papers. Speaking as someone who has been through plenty of downsizings, my sympathies go out to those who lost their jobs.
Once the shock has passed and the severance checks have cleared, though, things will start to look a little brighter. Just think of all of the B.S. work projects that they will never have to worry about again.
Getting laid off sucks, but it’s not the end of the world. Everybody that I know has been laid off at least once and most of them went on to find jobs that they liked better than their old ones. Sometimes it takes a layoff to motivate someone to make a move to a more fulfilling career or a better company.
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