November announcements of job cuts -- and potential job cuts -- could make it
one of the worst months on record.
With the latest announcement that DHL will be ceasing operations in the U.S. and
eliminating 9,500 jobs (mostly in Ohio), November has started on a very
negative note in terms of job security. Sadly, DHL had already cut 5,400 jobs
earlier this year.
Circuit City, which filed for bankruptcy protection, also announced plans to cut
more than 7,000 jobs -- and most likely more cuts will be forthcoming.
Many experts expect other retailers to fall in the next few months, as a dismal
holiday season pushes some of them to end operations.
Furthermore, other companies have announced job cuts in the past 10 days, including
Mattel (approximately 1,000 jobs), Fidelity Investments (1,300 jobs),
GlaxoSmithKline (1,000 jobs), La-Z-Boy (850 jobs), and the Hartford (500 jobs).
While it is certainly not time to panic, it is time to shore up your job and your
marketability if you still have a job -- and to intensify your job-search efforts
if you are unemployed (or expect to be soon).
Read: Is Your Job in Jeopardy?
Impending Layoff Warning Signs.
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