The Great Resignation Has Stalled and Layoffs Have Started

The Great Resignation was when many workers resigned from their jobs to find higher-paying work. However, with the start of layoffs, that may no longer be an option.

This chart shows the Google Trends for the number of people that searched for layoffs vs. resignations, which shows a clear switch around February 2022. This was when the Federal Reserve started talking about rate hikes to tame inflation.

This might mean that workers who left their jobs during The Great Resignation may have less job security than they thought. And, with the higher cost of living, they may need help finding another job that also pays well.

So, if you’re thinking about quitting your job, you may want to think twice. It may be better to ride out the layoffs and hope that your job is one of the few that survives.

How long will the layoffs continue?

It’s hard to say. The Great Resignation has changed the employment landscape, and it will take some time to see how everything plays out.

In the meantime, if you’re worried about losing your job, brush up on your resume and keep an eye out for new opportunities.

The layoffs are happening for many reasons and are tied to the economic climate. Layoffs may become more common as uncertainty about supply chains, inflation, and political transitions continue.

If you’re worried about your job, the best thing you can do is stay informed and be prepared.

What was the Great Resignation, and why did it happen?

The Great Resignation is a term used to describe the mass resignations in the wake of the COVID-19 pandemic. Many workers chose to resign to find higher-paying work. However, with the start of layoffs in February 2022 and the increasing amount, that may no longer be an option.

The Great Resignation happened because many workers looked for better opportunities during the pandemic. Wages were increasing as companies competed for qualified workers, and many workers saw resigning as a way to improve their career prospects.

What was the Great Resignation stop?

The Great Resignation stopped when the layoffs started in February 2022. The number of people searching for “layoffs” on Google Trends increased significantly around that time, which shows that the Great Resignation has stalled.

It’s unclear why the Great Resignation stopped, but it might be because workers realized their new jobs were not as secure as they thought. With the higher cost of living, they may need help finding another job that also pays well.

How have layoffs started to impact workers’ career choices?

The start of layoffs has begun to impact workers’ career choices in a few ways.

First, many workers are still determining if they can find a new job if they resign from their current one. With the increasing number of layoffs, it is becoming increasingly difficult to find a job that is both secure and meets your salary requirements. This may cause some workers to stay in their current jobs, even if unhappy, to avoid unemployment.

Additionally, many workers are starting to see layoffs as a sign that the economy is worsening and as inflation increases. This can lead to insecurity and anxiety, impacting your work performance and decision-making. It is important to remember that layoffs do not necessarily mean the economy is bad – they may signify that the company is struggling financially. However, given the current state of the economy, it’s understandable why so many workers feel anxious about their job security.

What should you do if you are laid off?

If you are laid off, the most important thing is to stay calm and take time to assess your options. Finding a new job in the current market can be difficult, but it is possible. Many resources are available to help you find a new job, such as job search engines, career counselors, and networking.

Additionally, it is important to remember that being laid off does not mean you are a bad worker. It may just mean that the company is going through a tough time financially. Do not let this setback define your career – use it as an opportunity to find a new job that is even better than your previous one.

How can you protect your career during a recession?

You can do a few things to protect your career during a recession.

  • Staying up-to-date on your industry and job market trends is important. This will help you identify potential opportunities and make sure you are positioned for success.
  • Consider pursuing further education or training. This can make you more attractive to employers and help you advance your career.
  • Network with other professionals in your field. This can help you stay connected to potential opportunities and learn about new trends.
  • Keep your resume updated. This will ensure that you are ready to apply for new jobs when the opportunity arises.
  • Take care of your mental and physical health. This can help you stay focused and motivated during a difficult time.

How can you maintain your work-life balance during a recession?

  • During a recession, it is important to maintain a healthy work-life balance. This can help you stay focused and motivated at work and prevent burnout.
  • Make time for yourself outside of work. This can be used for hobbies, relaxation, and social activities.
  • Set boundaries with your work. This can include setting limits on how much overtime you are willing to work and taking vacation days when possible.
  • Communicate with your employer about your needs. This can help them understand your limits and ensure your workload is manageable.
  • Seek professional help if needed. This can manage stress and anxiety and maintain your mental health.

As we can see from the Google Trends data, The Great Resignation has halted, and layoffs have started. If you’re worried about losing your job or want to know if you’re being underpaid, search for your position in the search bar above. With this data, you’ll feel more secure in your position.

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