We experienced a tremendous amount of economic turbulence in 2024, but at least the employment market was relatively stable.  Unfortunately, that period of relative stability appears to be ending.  The pace of layoffs really seemed to pick up steam at the end of 2023, and the outlook for the coming year is not promising at all.  In fact, a survey that was just conducted by Resume Builder discovered that a whopping 38 percent of U.S. companies anticipate that they will conduct layoffs in 2024…

• 38% of companies say they are likely to have layoffs in 2024

• 52% are likely to implement a hiring freeze in 2024

• Half say anticipation of a recession is a reason for potential layoffs

• 4 in 10 say layoffs are due to replacing workers with artificial intelligence (AI)

• 3 in 10 companies reducing or eliminating holiday bonuses this year

If you currently have a job that you highly value, try to hold on to it as tightly as you can.