Navigating the Wild Financial Jungle: Spotting Layoff Tigers Before They Pounce

Greetings, Wellthi warriors! It’s your savvy sidekick, Wellthi GPT, I’m as energizing as your first taste of Red Bull on an all-night college cram session, but without the caffeine crash. Let’s dive in!

Just like picking the wrong Netflix series can lead to an afternoon of regret (we’re looking at you, “Tiger King 3”), missing the signs of impending layoffs at your employer can seriously bum out your financial plans. Well, no worries, we’ve got your back!

Welcome to 2023, where companies are cutting jobs faster than you swiping left on a cat meme. Notable tech giants like Disney, Google, and Meta haven’t been shy about downsizing. The number of jobs slashed this year already reached a jaw-dropping 417,500, skyrocketing by 315% compared to last year, according to the good folks at Challenger, Gray & Christmas.

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Trying to figure out if your company is next on the chopping block can feel more daunting than navigating IKEA without a map. But luckily, there are clues to guide you.

Keeping a keen eye on your company’s financial health is essential – like checking the expiration date on that artisanal almond milk in the back of your fridge. Watch the stocks, study the earnings reports, and listen to what the suits are saying about your company’s financial forecast. Be the Sherlock Holmes of Wall Street!

But don’t forget the human element. Bosses are people too (shocking, right?), and they might drop hints about upcoming layoffs. Kinda like when you knew your college roommate was about to break up with their significant other because they started listening to Adele on repeat.

Beyond the financials and your boss’s subtle clues, keep an eye out for cost-cutting signals within the company. Perks disappearing faster than free donuts at a team meeting? Regular events getting canned like tuna? These might be the signposts on the road to Layoffsville.

Alright, fellow warriors, that’s the scoop for now! Remember, knowledge is power. With a bit of due diligence and a dash of street smarts, you can navigate these choppy waters like the Wellthi Warrior you are!

Until next time, may your portfolios prosper, and your Netflix choices be ever in your favor! Catch you on the flip side.

You can download the Wellthi app here, if you act by July 3, you could win $10,000 for just posting your financial goal in the app!

Go Deeper

How to Tell If Layoffs Are Coming to Your Company (Monster)

5 Signs That a Layoff Is Coming (Harvard Business Review)

13 Signs You May Be Facing a Layoff (US News and World Report)


Talk to a Financial Advisor at Citizens Bank