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Six Industries Vulnerable to Layoffs

Six Industries Vulnerable to Layoffs

About 760,000 US workers were laid off this year and 25 percent of employers anticipate layoffs in the next 12 month period. It's suggested that the big question for some sectors isn't if, but when, layoffs will occur, and here are the industries that experts say are more vulnerable to a compromised workforce than others.

  • Housing: Beyond the jobs lost from the mortgage meltdown like mortgage lenders and homebuilders, jobs in commercial real-estate and at real-estate agencies could be the next to go.
  • Finance: Expect more layoffs as financial firms reorganize and consolidate.
  • Retail: The holidays look dismal for retailers and that doesn't fare well for industry employees.
  • Publishing: We can expect tough times ahead for newspapers and magazines that rely on advertisers.
  • Autos: Plummeting sales will likely lead to layoffs in manufacturing and at dealerships and suppliers.
  • Travel: With consumers spending less on travel, there may be layers of layoffs from airlines, rental cars, hotels, and restaurants.

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katierose katierose 7 years
I've already been told by my boss that my job is safe. I work for an electric utility and people still need electricity even in the worst of times.
Meike Meike 7 years
Yesteryear: Probably because most people prefer the passive forms of learning (tv/radio) than the active forms of learning (newspaper/magazines) to get their entertainment and news. As for the topic on hand, I'm not exactly worried since I work in a successful e-business company.
Meike Meike 7 years
Yesteryear: Probably because most people prefer the passive forms of learning (tv/radio) than the active forms of learning (newspaper/magazines) to get their entertainment and news.As for the topic on hand, I'm not exactly worried since I work in a successful e-business company.
yesteryear yesteryear 7 years
why is it that newspapers/publishing are hit harder by lower advertising revenue than tv/radio?
Spectra Spectra 7 years
Don't forget construction/structural engineering/home decoration. People just don't have the money for it right now. It's one of those things that people figure can wait until later. My brother-in-law's a tiler and he's having a helluva time getting new business.
starangel82 starangel82 7 years
I've seen so many articles on the internet about how healthcare is one of the strongest industries to be in right now and I have to argue that. It is and it isn't. I work in healthcare and I see it from a different view I guess. Yes, people are always going to need healthcare... hence the always hiring, always having jobs. But our healthcare industry is in major trouble. The company I work for has seriously struggled this year along with some in the area shutting its doors. So many other hospitals, physician offices, and others are struggling as well in these economic times. Would you rather buy your groceries or pay your hospital bill? I understand completely. So it makes it really hard to hire new people when others quit. And healthcare is laying off as well. I really think the economy and the next president's policies toward healthcare are really going to cause some major shake-ups in the industry. Okay... rant over.
starangel82 starangel82 7 years
I've seen so many articles on the internet about how healthcare is one of the strongest industries to be in right now and I have to argue that. It is and it isn't. I work in healthcare and I see it from a different view I guess.Yes, people are always going to need healthcare... hence the always hiring, always having jobs. But our healthcare industry is in major trouble. The company I work for has seriously struggled this year along with some in the area shutting its doors. So many other hospitals, physician offices, and others are struggling as well in these economic times. Would you rather buy your groceries or pay your hospital bill? I understand completely. So it makes it really hard to hire new people when others quit. And healthcare is laying off as well.I really think the economy and the next president's policies toward healthcare are really going to cause some major shake-ups in the industry.Okay... rant over.
tinabeana tinabeana 7 years
I think all industries are suffering except maybe home preservation (cleaning up foreclosed homes) and renewable energy which is growing a huge 30% a year.
brandi07 brandi07 7 years
I think most industries are suffering, not just those listed above.
mnp mnp 7 years
I work in a law firm. It awful to say this but with all the problems in the economy; it's actually keeping this law firm afloat. We work on several types of law. Right now, I see a lot of bankruptcy and divorce cases.
CAcyclegirl CAcyclegirl 7 years
non-profits are struggling as well
True-Song True-Song 7 years
Is blogging an industry?
emily60608 emily60608 7 years
let me just add architecture and design :(
ilanac13 ilanac13 7 years
it's kind of a scary time since you can't assume that your job is safe these days. it's hard when you see industries listed like this. luckily mine isn't there right now, but in advertising, we are constantly going through growing pains when accounts come and go.
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