Could this be a light at the end of the tunnel for job seekers, workers and employers? Maybe.
For job seekers, the news provides a glimmer of hope that the long grueling job search might get a bit easier. More opportunities should slowly but eventually start to open up. My advice to job seekers, stay disciplined and diligent in your search efforts, also recognize that people who took themselves out of the job market may re-enter in light of this news, so there will still be a fair amount of competition. Call us to make sure you are employing the best search strategies.
For workers, this news might mean you can breathe a sigh of relief that mass lay offs are truly over. However my advice to my working clients is to recognize that your company may now have to do business differently moving forward, so assess if you are on board with the new direction and determine how you can contribute, possibly in a new way.
Lastly for employers. Employers that have survived so far are viewing this as a time of reinvention. They are re-examining their objectives and the people and skills sets needed to meet these objectives. My advice to employers, making sure you have the right people, with the right skills, in the right roles is essential to your recovery.