I noticed that Monday seemed to be the big companies’ favorite day to announce job cuts. Today in the news, we have Caterpillar, Home Depot, Sprint Nextel , Texas Instruments, GM and in Europe, ING Bank slashing their workforce. They’re letting go of people in the thousands.
Here at home, Intel is closing down its manufacturing facility in Cavite and I believe that Accenture laid off employees in their Solutions Division. Same thing is happening in Accenture, India. They are trimming down their payroll.
The global economy is in a downward spiral and I cringe at the thought of being part of the statistics.
I’ve mentioned time and again that we should not be complacent with our present jobs. Be thankful for the job you have now but you shouldn’t stop with being happily employed. Things are different now as compared to the time when our folks were working. Back then, jobs were guaranteed and they stayed with the company for years. That kind of arrangement i.e. long term employment is a thing of the past.
Aside from the proverbial advice of saving and living within our means, I think it is wise to have a “sideline” to beef up your savings. There are a multitude of options for offline and online business. It’s just a matter of doing what you’re good at, capitalize on your skills and make your hobbies or passions earn you additional income. It could be as simple as baking pastries or selling trinkets in bazaars. Online, if you’re good with your writing skills, you can freelance by offering your writing services to internet marketers.
The list of opportunities is endless as long as you’re serious and determined to reach your goals. Your choice.
Monday, January 26, 2009
More job cuts and bad news
Labels: Career advice
Posted by Mari at 1/26/2009
2 comments:
I remember a few years ago when I was in San Diego for a business trip. There was this Filipino guy who worked at the hotel bar. He worked there in the evenings because he had another job (insurance-related) during the day. He was a hard worker who supplemented his income with part-time work even if the times weren't bad.
Regardless of how good the times may be, we should always be ready for the next economic recession. This was the attitude that man had.
We should be ready at all times, regardless of the economic situation. It's true that the crisis we're experiencing is all but part of the whole economic cycle. Thing is, we'll never know when the it'll start improving.
Post a Comment