Is your career, past experiences, accomplishments, education and previous employment ready to stand up to the test of corporate scrutiny, layoffs, algorithms, AI, volatility of the stock market and the overall domestic and global economy?
Time will tell but more and more companies are announcing layoffs in 2024 – Google, Citigroup, Amazon, Twitch, Nike, Intel, Black Rock and more.
Commercial Chapter 11 filings in 2023 were up 72% over 2022. From 2019 to 2023, there were over 25,900 Commercial Chapter 11 filings. The year 2024 is expected to continue at 2023 levels.
The analysis about the economy, interest rate, inflation and overall business climate is frankly confusing with one opinion this and another that. It is an election year, that will contribute to the mixed messages. However, recession is being presented more and more as under way since 2023 and the economy is about to take a major downturn in March 2024.
Unfortunately, the Chapter 11 companies, their existing business was not built to last. Now, individuals need to ask if their careers are built to last.
All the best on your journey.