On September 23, 2013, JP Morgan Chase laid off 367 people in Metro Detroit, a region where every job counts as being mission-critical. Earlier in the year, that same company announced they would cut 15,000 jobs nationwide.
It make me think of the impact downsizing has on workers, a subject I often blog about, have personally endured and recount in my book. It is unfortunate that layoffs and downsizings happen, yet it is a fact of working life. Layoffs always happen, and always will.
So, how can employees of a century-old banking giant, or a truck plant in Toledo, or anywhere subject to business disruption ever truly prepare for such a career calamity? The key is knowing that this could happen to you, and preparing for involuntary separation long before it happens. Continue reading