Are You Jobless? What Should You Do Next
According to the national unemployment rate, 26 year high and over 6.9 million jobs were lost only in the starting eight months of 2009. It’s hard to talk about the entire year 2009. Majority of economists are indicating that recovery is not possible until 2011. As the conditions are getting worst and economy is getting unstable a large number of professionals and qualified workers are losing their jobs and they are finding new jobs. And because of this job seekers are increasing in numbers while available job positions are not enough to accommodate them. Due to this problem, its better to say that to date it is a challenging task to get a job.
What would you do if get unemployed?
Beyond.com (network of thousands of niche career communities) conducted a poll and according to which more than 58% of total more than 6,800 business professionals, they would not miss the chance to get job if they could get any. More than 18% stated that they would continue their passion and approximately 17% stated that they would prefer to go back to school. 6% stated that they will wait for the recovery of economy. If you really work hard then you will be able to get your desired job but the only way is to work hard. By following thee useful steps given below you can get out of your self from economy crisis and you can get a better job:
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Google Lays Off 100 Recruiters; Planning to Lay off 10,000 Employees
Its not the small businesses anymore. Even the Giants like Google are feeling the pinch of a recession. Google in its efforts to cut HR related expenses has decided to layoff about 100 people worldwide. Although they are cutting jobs and releasing employees the cutting, so far, has been around the edges. This time it’s different because the company is cutting into its own staff
Google said on Wednesday, that it is laying off all recruiters. This is about one-quarter of the total number of recruiters currently hired by the company — Google has a workforce of 20 thousand. This move means it is slashing 1% of it’s workforce.
Why Google is doing this? Google is hiring fewer people than it used to — a lot fewer — so it needs fewer recruiters to get the job done.
According to the Google official blog, Laszlo Bock, vice president for HR , said: “Google is still hiring but at a reduced rate. Given the state of the economy, we recognized that we needed fewer people focused on hiring.”
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One in every 15 Americans is Jobless as Unemployment Soars to 16-Year High
So recession has arrived and hitting ordinary Americans very hard. Now nearly one in every 15 people is now jobless due to current economic recession. As December data started to arrive, it is shocking for most of us that Americans lost 524,000 jobs in December. This is reflective of a deeper fear among nation’s major job providers and employers. Companies are shedding employees at a faster rate as the started to feel the hardening pinch of recession.
The unemployment rate jumped to a 16-year-high of 7.2% according to the Bureau of Labor Statistics report released this Friday. The army of the unemployed is growing and it is currently estimated that about 11.1 million people can not find any job despite trying. This figure is nearly 50 % larger than at the start of the recession about a year ago.
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Citigroup Layoffs Can Leave upto 58,000 Jobless
In an unfortunate turn of events, Citigroup revealed it’s plan to cut around 58,000 jobs to help the company adjust better to current economic crisis. These layoffs are planned in addition to 23,000 jobs already eliminated since January 2008. Overall CitiGroup laid off about 300,000 Jobs world wide since the January 2008.
Cost Cut is major concern as credit market squeezes. Citigroup is expected to save money by layoffs, sale of units and attrition as well as cutting day to day running expenditure. Vikram Pamdit, the CEO of Citigroup is notorious for taking such dramatic measures in difficult times. It will no doubt help Citigroup survive the troubled times by increasing profitability and likely to help the stock price as well. Citigroup’s stock fell into the single digits for the first time since bank was created in 1998 from the merger of Travelers Group Inc and Citicorp.
Shares of Citigroup are currently trading at $9.26 (I never saw it go below $50 since 2001)
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