The holidays are upon us, and you know what that means…
It’s layoff season.
The reasons behind the correlation of the happiest time of the year and no longer having employment vary, but it’s most likely due to fiscal year end.
If companies know that industry is slowing down, it makes the most sense financially for them to let go of their employees at the end of the fiscal year and write off the expenses, rather than start a new fiscal year and shortly after have the huge expense of employee severance packages in their first quarter.
Regardless of the reason, or even the timing, layoffs can be devastating.
If you’ve recently been let go from your company, we encourage you to take a look at the link below and and become proactive in terms of your finances and future employment. This list gives you eight ways to respond to layoffs, and gives you some tools to get in the right place.