It isn’t easy to survive without a stable what’s more, after getting laid off. So, polish your resume to get a new job and continue earning.
Employees are not supposed to know, yet you have a gut feeling that something is up.
There are way too many meetings, some vacant jobs are not filled in, and delayed purchases from vendors. Usually, the employees don’t get a share in the business’s internal affairs. However, you should prepare for the worst.
You must recognise the hints if your company is about to fold and you might be laid off.
The big bosses are desperate to make sales to keep the cash flowing. So the sales department is forced to search for more prospective buyers. As a result, they secure longer contracts above all else. In addition, they keep on pushing clients for early payments. Aside from that, your employer approved the sales of products at the lowest price. Plus, they even threw in insane freebies just to make sales. An example of promos is a buy one printer and get another one absolutely free.
Supply for papers for copying machines had long dried out before being replaced by lower quality papers. As a result, your planned training for the year has been cancelled. Furthermore, vendors are not paid on time. Therefore, your salary is suddenly late.
After the heartbreaking layoff, the survivors get promoted. While it is good for the resume, brace yourself for the workload fit for 10 people. Or else you are the next in line to be laid off. The company has to keep up with the productions. You have to handle jobs from different departments.
Is your company suddenly interested in bookkeeping and orders everything to be on paper? Then, they are looking for a hole, if not a scapegoat. They need to see what has gone wrong, what could be the possible solution or who is to blame.
Senior leaders enjoy a high salary. Also, they are the ones who maintain the high morale of the rest of the employees. However, if they had suddenly decided to leave one after the other and the level of competence had gone down the drain, you should know that it is not because they all received better job offers simultaneously. On the contrary, they know the company will fall and are not receiving what they think they deserve.
You might get news saying the competitors quickly got hold of the key accounts you used to cater to. Furthermore, you check the social accounts of your senior leaders. Then, you see some messages hinting that they are no longer happy in their jobs. Sometimes, the industry has been waning, too.
The directors have suddenly put their shares in the markets, and the prices won’t get any lower. It has ultimately set off some alarms that they are losing hope in the company. In addition, it makes a desperate move to escape as soon as possible.
It does not hurt to prepare yourself for job-seeking with these hints.
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