The numbers show that the US economy is at least teetering on a recession. The second-quarter GDP data is due out on Thursday and that will tell whether or not the economy is in recession. Unfortunately, with a recession typically comes layoffs and job cuts. ExecuNet Career Strategist Stacie Haller had this to say to executives who might be growing nervous:
“As executives try to navigate the changing economic landscape, certain sectors, especially tech and VCs, went through a tremendous growth spurt regarding hiring and investment as well as other organizations that pivoted to a COVID economy and it’s these sectors that are seeing the majority of layoffs and ones that may be pending. The difference in this environment as opposed to the past is that companies are still looking for talent and it’s a candidate’s market.
Many have the opportunity for advancement with a new position and some are having success changing industries and pursuing their dream job. Executives need to always be prepared in any economy as opportunities usually come to executives through their network, so whether they think they may be experiencing a layoff or happy in their current role, their collateral should always be up to date and branded effectively as to always attract and be ready for a new opportunity.”
If you’d like some help with articulating your work experience into one clear value story that you can share in a way that makes sense for hiring companies, our team of advisors, coaches and recruiters is unparalleled in the executive search industry. They will show you how to weave your unique value story together in all the right places – including your resume, LinkedIn profile, networking efforts, and interview – to connect with target companies in an irresistible way.
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