Planned job cuts in April totaled 90,010, up from 53,579 in March according to Challenger, Gray & Christmas Inc.
The greatest number of layoffs were in the:
- Financial Sector - 23,106 with large layoffs announced by CitiGroup and Merrill Lynch
- Telecommunications Sector - 8,007
- Transportation Sector - 7,954
Pharmaceutical layoffs jumped by 256% due primarily to the elimination of 5,500 jobs by Kenilworth, N.J.-based Schering-Plough Corp.
Most of the impact felt thus far by the financial industry is from the effects of the housing slump and bad mortgages.In the future, the effects from record oil prices may result in more layoffs than the housing slump, John A. Challenger, chief executive officer of Challenger, Gray & Christmas.
“The impact of high gasoline prices is rippling through the economy much faster than the housing collapse ever did or will,” Challenger said in a statement.
Just remember, even when companies are laying off, they are often continuing to hire. You may have to work harder and it may take longer but you can find employment. Don't give up. You can:
- Increase your networking calls and make contacts on LinkedIn.com
- Thoroughly research potential employers
- Send out more resumes (electronic and hard copies) - make daily goal and reward yourself for following through
- Make sure you conduct follow-up calls in a week after sending out resumes
- Be very prepared for interviewing and always look professional
- Prepare and present great references
- Always send a handwritten thank you note within 24 hours after your interview
- Keep organized and maintain accurate records of networking, mailings, calls, interviews, and follow-ups (using a JibberJobber.com or the method that works best for you)
- Never give up - keep going - don't stop your job search
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