Two more colleagues were given the pink slip today as the downsizing continues...and Job Credit.....effective?
As the door closed on them, they walked into a corridor of uncertainty.....when will they be re-employed again? It is not the best of time and the economic environment is deteriorating by the day and every morning the newspapers deliver more bad news...since October 2008 people looking for jobs has increased to 43 percent....DBS Bank predicts that unemployment to hit a 20 year high of 5% (99,000 job lost) by next year.....4,800 people queuing up from 8.30 a.m for 3,000 jobs on offer...banks and corporates are still asking governments for bailout and the sums are in tens of billions....most countries are on the verge of bankruptcy.
So bleak a picture and reinforced daily.
I hope that all these negative news will not get into them. Both have high technical skills and excellent job knowledge which will put them in good stead. But given these difficult times one must also exercise flexibility in looking for alternative jobs, be adaptable, and have strong determination and perserverance ....but also bear in mind that it will also mean taking a longer time to finally get a job.
Good luck to all those who have in the past 4 months lost their jobs and are still searching. Don't feel despaired as a bad storm will always blow away.