50,000 + Job Lay Off.

@Chevee (5915)
United States
November 17, 2008 7:57am CST
I am looking at CNN news. Breaking News just was announced. Another lay-off. 50,000 + jobs Lay Off at Citigroup. Lay offs, lay off, everywhere layoffs. where are we going to find jobs? I will be without a job at the end of the year because the plant is closing. What is the answer this is scary. Is there anyway for a person to make a living? I am speechless. If these people are jobless what can a poor person like me do to make a living. I can't find a job? Is there an answer?
5 people like this
15 responses
@cheongyc (5075)
• Malaysia
17 Nov 08
The situation is getting dire. I think the world economy is getting worse and is very less likely to be restored in the coming few years. One of the most scary thing that come along with the recession is the massive retrenchment. It's going on in my area too. Hopefully I could secure my job until the economy is back to normal again. Therefore, working on extra income, aside from your day time job is very important. It will ensure you have extra savings, and skills in case we are being laid off. Being competitive by acquiring additional skills should be our utmost priority. Good luck and have a nice day!
@Chevee (5915)
• United States
17 Nov 08
Thank You That is very good advice.
3 people like this
@cheongyc (5075)
• Malaysia
17 Nov 08
You are most welcome, and I hope this really helps. Actually, I am working hard to increase my knowledge and experience in my second income. I am actually teaching tuition, earning online and learning on stock investment as well. I hope one day my skill can help me to get another job, in case I lost the first one.
2 people like this
@cornyman (1128)
• Germany
18 Nov 08
Hi cheongyc, which kind of stock market skills do you aquire just now? Are you a contrarian :-) Ok, investing in perhaps one to two years is a good idea, at the moment you'll find no market price for many companies that would be sustainable. I'm just curious about your new skills. Where do you think to find a job when Citigroup fires the next months over 50.000 persons who have already the skills that you want to acquire?
@Bluepatch (2480)
• Trinidad And Tobago
17 Nov 08
I have very often thought that there is a way to make a living without having to depend on a job if only you could find it. I've been without a job many times in my life and unless you start your own business or vend or cook something and sell it or drive a taxi it seems that's it for you. I had an uncle who kept chickens in his back yard another relative who rented out the rooms in their house and I once got a vendors license and sold sandwiches downtown Port of Spain. Its hard but its best you think of a way because this depression is not going to stop now. I might add, if you believe in it, as I do, that prayer works.
@cornyman (1128)
• Germany
18 Nov 08
Bluepatch, you're right. As i read in your other comments, you already face a money meltdown on your own. With raising electricity prices (caused by higher gas/oil prices and no reduction after these commodity prices fall in the last months) and no income or no raise in income everyone has to cut back other expenses, mainly food i believe. This in fact can influence the health because cheaper food is mostly less nutritious. What will happen next - medical costs, where can you cut back costs now to get healthy again?? Otherwise staying in a icy house during the winter times in Europe or a extremely sweaty house during the year in Africa and else where is another possibility which leads again to severe health problems, i fear.
1 person likes this
17 Nov 08
Hi Chevee, Are there such thing as unemployement benefits in your country? there muct be, we have the system here and the goverment give us money to live on and also they pay for our rent I don't have to worry about that because I have my own home and paid for in a few months anyway. The goverment pay for these things if you can't aford it, but allthose people, I hope your goverment would something about all this. Its is scarey. Hugs. Tamara
2 people like this
@cornyman (1128)
• Germany
18 Nov 08
Hello Tamara, unemployment benefits in Europe will be no more that comfortable when the country is securing all banking accounts from bankrupcy. In this case the government has to make much more debt and this will produce inflation in the long term. I think no government will raise the benefits as fast as the inflation will raise. That means the money you get on the first could be already worthless a few days later and the "saved" money from the bank... has the same worth... nearly nothing. Sorry when i'm so pessimistic for Europe, too, but it seems like someone forced them to secure something which can't be secured anymore. Our children will suffer the most from this debt producing behaviour :-( The only thing the government will perhaps make is offer a warm soup for everyone, so that the people don't demonstrate on the street. Greetings from Germany/Malaysia
1 person likes this
@Anne18 (11036)
17 Nov 08
This is a very worrying time for everyone in all countries. Even my husbands work is laying people off, but luckly his job is safe. The only thing we have to worry about is that he will not be getting a christmas bonus this year as the firm haven't done very well. Sad as we were going to use it to buy a lot of the christmas gifts and we will have to rob Peter to pay Paul in a very bad way, just like everyone else is having to do
2 people like this
@Chevee (5915)
• United States
17 Nov 08
I will be robbing Peter to pay Paul.
2 people like this
@zhangfzoe (432)
• China
18 Nov 08
I'm sorry to hear that. Cheer up! Never lose your encourage. You may accept a job which the pay is lower than your previous job. It is a temporary choice.
2 people like this
@MissGia (955)
• United States
18 Nov 08
I know what you mean Chevee. My father has been laid off for almost two months now. He works at a plant (he is also a part of a union) that makes parts for cars. My dad is praying that they pass the auto bailout or else there is no hope that he will be called back. It's just getting down right scary now..if something doesn't happen with our economy soon a large majority of this country will be wallowing in poverty.
2 people like this
@GardenGerty (104421)
• United States
17 Nov 08
I do not know what your present job is,in the plant, but the jobs that will still be there will be less well paying, I am sure. I am in that way since I was non renewed on my contract. But you know what, I am healthier, with fewer aches and pains, and I sleep better. What enabled us to survive is that hubby took is Social Security early. He continues to work, and he scaled back to a less stressful job, but gets more hours. His commute, and my commute were eliminated, before the gas prices went up, so we were making less money, but living better.Jobs in the service and support fields will always be there, they do not pay a heck of a lot, but they are jobs that have meaning, and make me feel like I am doing something valuable with my life. Is there some way you can get some retraining?
@Chevee (5915)
• United States
17 Nov 08
I do not know what your present job is,in the plant, but the jobs that will still be there will be less well paying No jobs will be left, they are closing locking the doors and throwing away the key. Retraining, isn't an option. I can be retrained but no one is hiring. There isn't any jobs. At my age I doubt if they would waste time trying to retrain me.
1 person likes this
@GardenGerty (104421)
• United States
17 Nov 08
I meant like jobs in your community or area. I know that for instance, what I do is less well paying than a manufacturing job, but it is meeting the need right now, and the "training" to do it was very minimal.
1 person likes this
@cornyman (1128)
• Germany
18 Nov 08
Hello GardenGerty, why do you think the service industry will survive a severe recession? Let's look at the facts. Service is a job sector that is created or demanded by people who have the money and can't or won't do this thing on their own because of being too busy with their business or their work. I think less people will have more money than now in two years. What happens when one complete factory or half of the banking stuff has to leave the company, which companies will be hurt most by this job cut? This will be the companies who served the now jobless people with food (inside the company or outside in the restaurants), groceries (super markets), entertainment (cinema, shopping malls, fitness studios). They will begin to lay-off, too, slowly. Can you imagine when these jobs will be created again? My opinion is that the layoffs for the service companies will begin one quarter later than the banking layoffs (because the demand for the service will drop dramatically). They will recruite people in the service industry after the banking industry already recruited many persons in the future (if at all) when the demand for the service industry will be given again. If we look to the worst case scenario then i would suggest buy already now some chicken, pigs and cows or sheep and plant vegetables, salad and fruit trees. Then we have the food on our own and you can trade some of this goods like it has happened in THE GREAT DEPRESSION.
@pxhnchsh (146)
• China
18 Nov 08
Oh, cheer up!Remember this, I would rather light a candal than complain about the darkness. Just keep moving! Tomorrow is another day!
1 person likes this
@Savvynlady (3686)
• United States
18 Nov 08
I write this reluctantly because with folks losing their jobs more and more each day, it is getting worse instead of better. And this being a worldwide thing there? things are just getting worse. And sadly, that is the time when these online "get your money quick while you can" schemes work the best sadly. on top of that, there is no middle class here any longer.
1 person likes this
• United States
18 Nov 08
I would imagine that most everyone has a worry or two about losing their job at some point, but in recent times I've seen a lot of cutbacks in businesses and thousands of people being laid off, especially here in America. I think that this is a result of a variety of causes, but I've noticed that one of the main ones is that many of the jobs are being outsourced overseas. I realize that businesses are trying to cut down their overhead and make as much profit as possible, but at the sake of crumbling their local economy? A large portion of the call center/customer service reps are located in India, and when you dial the "Toll Free" numbers 9 out of 10 times you end up talking to someone in a different country. Not that there's anything wrong with it, but it is taking jobs away from local people who are being hurt by the recession. I would have to say that local licensing would be the best bet. If you are computer literate, get an A+ license. If you are technically/mechanically inclined, get an electrical/plumber's license or something similar. If you already have a little money put aside then that wouldn't be too difficult and only takes a few weeks or months to do. The A+ certification would open up a ton of doors for you. Beyond that, all I would say is keep yourself open to relocation and keep your resume up to date and out there for staffing services to be able to look at. Monster.com or similar websites are great at finding jobs locally and across the US. Hope any of this helps.
1 person likes this
18 Nov 08
Im from the uk and things are the same here and its getting worse by the day! Im lucky and still have a job but for how long? I cant help you but wish you the best of luck!
1 person likes this
@Mikyoo12 (187)
• United States
18 Nov 08
There is no real answer to this crisis at hand. All we can do is just Keep our faith and trust in God that His recession will soon be gone and every job will be restored and more jobs are opened up. The only kind of jobs that we can be secure in are federal jobs. We just have to keep on top of out toes while keeping an eye on the economy. No worries. im trying not to let this scare me. Im a strong believer In God, And I believe that everything will get better.
1 person likes this
@subha12 (18453)
• India
18 Nov 08
yes it us everywhere. it is making me scared very much a swell. the recession is going very bad. i do not know why financial institutions created this problem by lending in real estate to people who had no ability to pay back.
1 person likes this
@sivanj (1263)
• India
18 Nov 08
yeah the situation is getting bad and worse. this is real bad news for 50000 families and they will have to take the pain. i feel sorry for them. lets hope things change for the better in the near future.
1 person likes this
@ANTIQUELADY (36488)
• United States
17 Nov 08
i tell u what things are bad. i didn't want to quit work when i was forced to due to healt problems & wouldstill be fixing hair if i could. to get out & try to find a job at my age would be quite scary. i feel sorry for you & everyone who is losing their job. i hope something comes up for u. jus remember where their's a will their is a way. good luck.