Were you able to find new jobs? I was just laid off, and the job market looks daunting. I could really use some positive news.
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Rif notice Oct 30, last day Nov 13. About 95 applications, 10 companies interviewed at, started new job few days ago.
@cx I wish I lived in a state that had 26 weeks of unemployment, we only get 16 weeks and that was not enough. Applying and interviewing is definelty a full time job in this economy.
I was laid off end of January and started my new job Monday of this week. I was a Wellmed Data Analyst and now Im a Manager of Financial Clearance on site at a hospital system 45 min from.my house. Took a 5.7% pay cut but I feel a lot more secure in my job then I ever did at UHG.
It was tough getting a job. It took six months continuous job searching, tons of application submissions, interviews, job fairs, etc. and nearly running out of unemployment benefits. My advice, start looking for the next gig.
Just sell some NVIDIA stock in the meantime...you'll be fine.....Lol
I was also laid off last spring. Landed my new job in January right before the unemployment ran out. Hardly had any interviews and did hundreds of job applications. The job market is terrible. I'm so sorry for everyone going through this because it's nasty out there
It took me 2 weeks.
@b3 that doesn't pay the bills. Most people don't have time to sit on their a-s and think of fing rainbows with no revenue stream.
Here is some positive news: Great ideas come from an idle mind. Enjoy the down time.
Laid off from Optum last spring and still no job. The economy is terrible and job market is worse. Almost all healthcare companies are laying people off.
There won't be much positive news until AI collapses but I don't think that will happen unless Taiwan Semiconductor runs out of "refined" rare-earths to make semiconductor chips, causing the hardware (Nvidia and AMD GPUs) to stop from being manufactured. As long as Taiwan Semiconductor keeps manufacturing AI GPU chips, human jobs will decline. It may show a short-term increase in jobs in a certain sector (like nursing), but eventually even that will decline if AI is able to generate dr-gs quickly for people not to get too sick or recover faster.
Hope you have savings to keep you floating. I think millions of Americans (and many others in foreign countries) are struggling to put food on the table and roof over their heads, but the politicians aren't going to share these numbers with you since those counted as unemployed are only those who can't find a job 6 months after their last job. The gov't doesn't count anyone who can't find a job after 6 months (meaning if you still can't find a job on your 7 month of being unemployed, you don't count any longer in the gov't reported number). That's why the unemployment number the gov't reports is not the TRUE unemployment number since it only takes into account 6 months of someone being unemployed. There are MILLIONS of people who can't find a job and you can see it in all the debt everyone is accumulating (student loans, mortgage payment, car loans, credit card payments, property tax, insurance payments, rising healthcare cost, rising food cost, rising energy cost, rising water cost, rising oil prices, etc.). Americans are struggling and the politicians won't tell you that.
The gov't needs to stop the development of AI if they want people to have jobs. But that will never happen, therefore, jobs will continue to decline. In the old days, companies used to layoff maybe a few hundred at most, but now you hear numbers like 30,000 people being laid-off all at once like Amazon did, or 20,000 like FedEx did. It was never this bad and this is just the beginning of AI.