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IPFS News Link • Employee and Employer Relations

They Are Calling This "Layoff Season"

•, By Michael

As the end of the year approaches, companies start taking a hard look at the bottom line, and that can result in harsh job cuts.  When I was growing up, most large companies would at least wait until after the holiday season to shove workers into the street, but these days they just don't care.  The moment you are no longer considered to be an asset, they will throw you aside like a rotten fish.  We live in a cold, cruel world, and that isn't going to change any time soon.

Once again this year there will be lots of layoffs during the month of December.  The following comes from a USA Today article entitled "Worried about job cuts heading into 2024? Here's how to prepare for layoff season"…

It's December, which means more than just cooler weather and holiday celebrations. It's also layoffs season.

Job cuts tend to spike in December and January as companies prepare for structural changes heading into the new year, as shown by data from the Bureau of Labor Statistics.

Layoff season is hitting the media particularly hard.

Pink slips are flying around all over the place, and we are being told that a "bloodbath" has already begun…

Seasons greetings! And by "season," we mean that surreal time of year between Thanksgiving and New Year's Day when media giants scramble to clear their books and pink-slip a bunch of employees. As 2023 nears its end, the media grinches are about to steal Christmas for many, as several key outlets are poised to suffer through a final wave of layoffs. The bloodbath began Thursday at Condé Nast, where about a dozen New Yorker staffers exited the famed magazine…