00:00Happy New Year, although for some it may not be work-wise.
00:04According to the Bureau of Labor Statistics, over the last 10 years,
00:07January has been on average one of the most common months for layoffs.
00:11Sarah Roadhorst, co-founder of Onwards HR, confirms as they analyze their data from the last year,
00:18what budgets they have going forward.
00:20They really are planning strategies for the year, so there's often a lot of restructures, reorganizations.
00:26HuffPost reports, Amazon Vimeo and Salesforce disclosed plans for mass layoffs.
00:32Losing a job can be among the most psychologically stressful things humans can go through,
00:37so try focusing on what you can control instead of worrying about what you cannot.
00:42Ahead of time, calculate your finances and take note of what you want to save in advance.
00:47Manager Workshop Facilitator Gregory Tools says,
00:50Am I immediately in trouble? Because if so, I need to think right now about how to generate income.
00:56Use the opportunity to job hunt and explore alternative options.
01:00Roadhorst continues,
01:02It's the month with the highest level of change, the hiring and firing side,
01:06just as companies look to restructure their organization and plan for the future.
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