Big Tech layoffs are dominating the headlines. In 60 seconds, why it’s happening — and it’s not just fears of a recession.
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10 careers with the best (and worst) job security in 2023
Last year was chaotic for employees and job seekers alike. Mass layoffs and recession fears made the professional world feel like a minefield. Many people are worried about their job security.
Not all jobs are equal, though. Some are more secure than others. Recent research exposed the top 10 careers with the best and worst job security in 2023. We compiled the findings into this simple guide to help you prepare for the new year.
If your career is in danger, it may be time to expand your professional skillset. With these free Google courses, you can earn job certificates that make your resume stand out. But before you make a game plan for the new year, check out these lists to see where you stand.
If you have any of these jobs, you may have to worry about job security
During the height of the pandemic, many companies sent employees to their homes. This was easier on white-collar workers than blue-collar professionals. However, the roles are reversing, according to Business Insider.
In that, office workers may be more vulnerable than truck drivers, manufacturers or miners. Tech and finance professionals should be especially wary due to recent layoffs from giants like Amazon, Meta, Twitter, Goldman Sachs, Robinhood and Coinbase.
It may be at risk if your job depends on luxury goods or services. Jobs that rely on non-essential products are usually in danger during economic downturns. This includes jobs in these sectors: Real estate, auto dealerships, leisure, entertainment, travel and fashion.
Although there isn’t a list of the top 10 jobs with the least job security in 2023, it’s good to keep an eye on overall trends. This way, you can best prepare yourself for any financial rollercoaster life straps you into.
Are you anxious about losing your job?
📉 Just remember: This is a generalized list of trends. There are tons of unique factors to keep in mind.
📈 For instance, your company may be doing well. Thus, you may be safer than someone with a similar job who works for a different company.
💡 However, if you’re worried about how the workforce will change in 2023, follow these tips.
3 ways to secure your job in an uncertain economy
- Be a proactive problem solver: Are there common problems your company deals with? Brainstorm solutions and offer them to your manager or supervisor the next time you have a meeting.
- Expand your skillset: It’s always a good time to learn new skills. Employers appreciate go-getters who are always looking to improve their professional knowledge. Tap or click here for free online classes that teach valuable skills.
- Be positive: Go out of your way to be a team player and boost team morale. Your coworkers will appreciate it, especially during stressful times of economic downturn.
However, nothing in life is certain. In case anything happens, update your resume. Here are four ways to create a winning resume.
Top 10 careers with the best job security this year
Some professions are more endangered than others. A recent report from Payscale identified the safest careers to have at this moment in time. Researchers analyzed salary data for over 1.1 million American workers between Oct. 2021 and Oct. 2022.
On top of that, they also looked over hiring and quit rates from the Bureau of Labor Statistics. After crunching the numbers, they rounded up the 10 most “recession-proof” jobs.
Need a job? Major companies hiring for 850K positions
Jobs are hard to come by right now thanks to a mix of layoffs, furloughs and closings happening across almost all industries. A record number of people — over 22 million in the last month alone — have applied for unemployment benefits thanks to the economic hit we’ve sustained.
4,000 layoffs at Cisco
That’s following 5,000 layoffs in 2022. The internet networking company is doing what a bunch of other tech outfits have done: Laying folks off to work on AI.
Out of work? Check this site before you apply for a job
If you’ve been laid off recently, you’re likely aware of how difficult it is to find a new job right now as unemployment rates are surging. As companies are laying off, furloughing employees, and initiating hiring freezes in response to the uncertain economic outlook, it can make the job search more difficult.
Scammers want your coronavirus stimulus check - 7 traps to watch for
The coronavirus pandemic shocked our once-booming economy. More than 6.6 million layoffs in the past week alone have left Americans uncertain about the future and desperate for financial assistance.
That’s why the CARES Act was signed into law, which provides aid to affected businesses and workers. In addition to expanded unemployment benefits, most Americans will qualify for direct cash from the federal government to ease their hardship, to the tune of $1,200 per person. Tap or click here to see what you qualify for.