https://theconversation.com/state-department-layoffs-could-hurt-us-companies-ability-to-compete-globally-an-economist-explains-why-262988
Posts mentioning hashtag #economy
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Any idea how deeply tariffs might hit us?
It’s not just that our manufacturing could take a hit. Agriculture is already struggling, demand has been going down steadily, and purchasing power is clearly slipping. A lot of folks are holding off on buying or investing simply because there’s so much uncertainty. All of that is bound to affect us down the line. And that likely means more cuts, more layoffs, and more of us out there looking for work. It feels like we’re sliding into a vicious cycle, and I’m worried about what all that will mean for our jobs.
Do more with less
Every time we had a meeting with our leaders, we're always told 'Man, It feels bad. Totally unprecedented. But we gotta keep our heads up. Support one another. Work leaner this year. Put aside all the angst and bottle it up.. etc'
Expect more layoffs and restructure in September/October 2025, especially for tech orgs. A lot of offloading being moved towards the Manilla and India teams. Our stock has dropped and is hovering in the high 80s, compared to 120 it used to be; but we can probably assume this economy under this administration isn't going to promote people to buy more (process more transactions)
So far there hasn't been clear communication on rationale other than #economy. However, it was telling in DV that 2 managers they let go it was said they are working on backfills for right away. Also heard of a handful of very valuable, impacting team members. Probably a combo of pay and leadership feeling like maybe some people didn't fit whatever the plan was.
The tips on how not to get fired are pretty spot on. Do good at your job, network with key players and bread-winners, don't be a target with a high salary or asking for promotions. Sadly this is not a season of getting the most recognition for your hard work. This is a season of keeping a job.