January is often a big month for layoffs. Here's what to do in a worst case scenario
From calling creditors to announcing your job loss on social media, a solid game plan can make a layoff sting a lot less.
January is historically the busiest month for job cuts.
The first month of the year "is when most companies are doing restructures, reorganizations and setting the direction," says Sarah Rodehorst, co-founder of Onwards HR, which helps companies carry out layoffs, adding that tech, health care, banking and finance are likely to see the biggest cuts in 2023.
Already, Goldman Sachs CEO David Solomon has announced widespread layoffs at the investment bank in the first half of January, citing slowing economic activity.
After a year of rising inflation and a series of big interest rate hikes, companies.
