Downsizing 102: When It Happens to You

Published: Oct 02, 2008

BusinessWeek -- Being laid off is one of the most traumatic events we can experience. Consider these guidelines should you find yourself suddenly out of a job. Americans are bracing for massive job losses in the wake of the worst financial crisis since the Great Depression. Even before the recent worries on Wall Street, anxiety about employment was high; earlier this year, the U.S. Labor Dept. released a report stating that there had been a net loss of 63,000 jobs, which was the biggest monthly decline in five years.

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