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Watch for These Layoff Signs

Knowing it's coming could help you prepare

By Ambreen Ali,  Newser User

Posted Oct 15, 2008 6:45 PM CDT

(Newser) – More than 750,000 American jobs vanished this year, and more cuts are likely amid the current crisis. MarketWatch offers red flags that a pink slip is coming:

  • Colleagues get fired: You are not immune, even if your boss says so.
  • Training budgets dwindle: They are "not sure if everyone is going to be there," a career manager says.

  • Job postings disappear on Internet sites.
  • Budget woes, especially at publicly traded companies: If the firm misses targets, cutbacks help the bottom line.
  • The gossip mill churns. Yes, take it with a grain of salt, but pay attention.

Seeming indispensable could save your job during layoffs.
Seeming indispensable could save your job during layoffs.   (AP Photo/Mark Lennihan)
The financial crisis indicates that more jobs may be lost as companies try to make budget targets.
The financial crisis indicates that more jobs may be lost as companies try to make budget targets.   (AP Photo/David Karp, file)
Don't seem anxious or nervous, but ask your boss what the company's outlook is for the next quarter.
Don't seem anxious or nervous, but ask your boss what the company's outlook is for the next quarter.   (AP Photo/Josh Reynolds)
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