• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Jobacle.com

Career advice blog - with an edge.

  • HOME
  • CAREER ADVICE BLOG
  • CAREER NEWS
  • FIND A JOB
  • BLOG ARCHIVE
  • ABOUT US
  • CONTACT US

Severe Job Cuts Loom in 2008

by Werdna Yug Leave a Comment

Severe Job Cuts Loom in 2008

career_protection.jpgCareer Protection, an agency that offers employees counseling on negotiating better benefits, severance pay, and retirement packages, has released its Annual Layoffs Forecast for 2008, and it ain’t pretty.

Over 1,375 corporate executives nationwide completed the confidential annual survey regarding workforce reduction plans (Survey conducted January 2-25, 2008).  And the results yielded a 37% increase in companies planning layoffs and reductions in their workforce this year – the  worst such forecast in five years.

With the economy on the verge of a recession, if it isn’t already there, grim layoff news is not a surprise. However, now is an excellent time to remind you that in some cases, severance packages are negotiable.  Upon accepting one, a company will expect you to sign a General Release of Legal Claims in exchange for the package, this is your leverage.  

While we’ve never personally used Career Protection or similar services, with the job market in a state of flux, now is as good a time as any to learn about negotiating a fair severance package.

I’ve always left gigs on my own accord.  Let’s hope it stays that way.

Print Friendly, PDF & Email

Filed Under: Career Advice

Want to become part of the 1% that knows how to make work better?

Start receiving occasional career advice emails from Jobacle.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search

Social

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Post Categories

  • All About Bosses (19)
  • Annual Review (1)
  • Career 2.0 Review (47)
  • Career Advice (1,373)
  • Career News (31)
  • Career Podcast (12)
  • Choose Your Career (293)
  • Commuting to Work (3)
  • Contests (5)
  • Coworker Gifts (12)
  • Coworkers (54)
  • Fake Job Offers (12)
  • Forward of the Week (19)
  • Gen Y Career (10)
  • General (158)
  • How to Quit a Job (9)
  • How to Quit Your Job (12)
  • Interview Help (50)
  • Job Vent (19)
  • Job Website Review (11)
  • Jobacle Mishmash (35)
  • Jobacle Survey Panel (2)
  • Leaving a Job (2)
  • Master List (2)
  • Office Prank (1)
  • Office Supply Review (1)
  • Podcasts (24)
  • Random (4)
  • Resume Templates (19)
  • Side Hustle (4)
  • Sponsored Post (1)
  • The Cubicle Continuum (44)
  • The Recession File (26)
  • The Resume Hunter (8)
  • Uncategorized (271)
  • Unemployment (5)
  • WFH (1)
  • Work for Yourself (35)
  • Work Humor (31)
  • Work Lyrics (13)
  • Work Productivity (12)
  • Work Stats (1)
  • WorkHacks (10)
  • Your Job Search (90)

© 2005–2025 Jobacle.com

Privacy Policy