More Layoffs in 2023 - Learn How to Find a New Job

 

A note from the Stansberry Research Analyst Team:

Money manager Charlie Bilello posted a list recently, and the numbers are stunning...

• Twitter is cutting 50% of its workforce (about 3,700 jobs).
• Facebook is cutting 11,000 jobs – its largest round of layoffs ever.
• Snap is cutting 20% of its workforce (1,200 jobs).
• Shopify is cutting 10% of its workforce (1,000 jobs).
• Netflix cut 450 jobs.
• Microsoft and Salesforce are each cutting 1,000 jobs.
• Robinhood is cutting 31% of its workforce.
• Tesla is cutting 10% of salaried workers.
• Lyft is cutting 13% of its workforce (700 jobs).
• Redfin is cutting 13% of its workforce.
• Coinbase is cutting 18% of its workforce (1,100 jobs).
• Stripe is cutting 14% of its workforce (1,000 jobs).

Your most valuable skill is learning to find a new job #40x50

Uncertain Conditions Ahead

 

Widespread layoffs are beginning to hit the e-commerce space, brought on by an inflationary environment and tightening budgets. The most recent example is SMS marketing company Attentive, which Modern Retail has learned is laying off 15% of its staff.

From https://www.modernretail.co/operations/layoffs-hit-the-e-commerce-space-attentive-lays-off-15-of-staff/

What to Do if You Can’t Find a Job

 https://www.wsj.com/articles/what-to-do-if-you-cant-find-a-job-11606934204

If you are wondering how to get a job in the face of setbacks, use these tips to take a strategic approach and expand your network to get help finding a job.

Allison Pohle

5 Steps You Should Take Immediately If You Have Been Laid Off

5 Steps You Should Take Immediately If You Have Been Laid Off:

1. Take Time to Regroup

Change is never easy, especially when it is forced upon you. When you find yourself in the midst of a life-changing occurrence, you are bound to feel a wide range of emotions. It is important that you never make a major decision while in an emotional state. Instead, take time to assess what has happened, regroup, and decide where you want to go from here.

2. Update Your Resume
Once you have calmed down and found time to breathe, assess where you want to go. Believe it or not, getting laid off can provide a good opportunity for a career change.

First, decide whether you want to pursue the same type of career or change directions. Then, update your resume and make sure you can easily tailor it to the positions you’ve decided to apply for.

3. Assess Your Financial Situation
This is one step that should absolutely not go overlooked. It will be easier to alleviate your stress once you know where your finances stand. Your financial state will drive your job search and determine whether you should begin working part-time while you continue to search for your next career move or you have time to spend on going after a dream job that might take longer to land.

4. Leverage Your Network
It is important to note that getting laid off is not the time to begin networking; your network is vital to your career growth and should be nurtured even when you are employed. With that being said, now is the time to leverage that network you’ve spent time curating. Over time, you have created contacts within your industry. If you have put in the time to grow those relationships, you can now reap the benefits.

5. Set a Date

As you begin your job search, you should set a timeframe. Pick a date, and if your search hasn’t yielded results by that date, you’ll know it’s time to change tactics.