More bad news for the employment sector.
Career Protection, a provider of employment negotiations advice, has recently conducted a study of over 1,375 corporate executives nationwide, and the findings aren’t positive. They predict a 37 percent increase in companies planning layoffs and reductions in workforce this year.
Says Career Protection president and CEO Kirk Nemer:
This is our worst layoff forecast in the past five years for employees, as corporations appear ready to slash staff and layoff workers.
The only good news provided by executives and senior vice presidents in our survey was that companies were planning to provide severance pay during these difficult and stressful times. However, it appears the severance packages will not be as generous in their severance pay as they have been in the recent past.
Click here for the entire release.
Popularity: 3% [?]
January 28th, 2008 at 5:24 pm
With proliferation of job boards, this is really bad news. So, Joel, if I may ask, what do you think will happen to job boards?
Laura,
ActiveJobseekers.com
January 28th, 2008 at 5:34 pm
The industry as a whole will easily make it through this downturn.