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Owning a Home: Which Will Be Cheaper in 2025?
And with layoffs making headlines and inflation creeping up, many people are wondering: Is my job safe?
So, whats actually going on?And what can you do to protect yourself?
Companies Cut Costs During Inflation and That Means Layoffs
Inflation raises the cost of pretty much everything.
So, when businesses are struggling with higher expenses, they must look for ways to save money.
And unfortunately, one of thequickest and most straightforward waysto do so is by reducing payroll costs.
Its also the highest monthly total since July 2020, when 262,649 cuts were announced.
Industries like tech, retail, and media also saw a good chunk of job cuts.
Hiring Freezes
If youre looking for a new job, inflation might be making it tougher.
Many companies that arent laying people off are simply not hiring.
Job postings are down in certain sectors, and some businesses are only filling essential positions.
Is Your Job at Risk?
If layoffs do happen, being indispensable in the workplace could help you keep your job.
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