13 Warning Signs of a Pending Lay Off
Rosemary Augustine, Author and Career Coach
Sales and Accounting Staff are leaving. Quotas aren’t being met, and accounting sees the numbers.
Clients bail out last minute from making a deal.
Bills are not paid. If vendors are not receiving their money, employees could be next on the “not paid” list.
Competition is suffering. Too much competition can cause a shake up in the industry.
The business is restructuring. Changes in business strategy can mean changes to the business short term. These changes can also lead to long term success.
Senior management resigns unexpectedly.
Senior management sells off large block of stock.
Company currently in a hiring freeze.
Local press prints an article about your company and indicates possible trouble and the potential for layoffs.
Contractors and Temps are terminated.
Projects are canceled.
Budget, expense and travel cutbacks.
Company A merges with Company B and insists no one will be let go… layoffs will be within 6-18 months.
Think it can’t happen to you? Think Again!
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