The Unemployable Life

Corporate Profits vs. Layoffs: The 2024 Job Crisis

The Unemployables Season 1 Episode 6

Layoffs or unemployment are hitting hard in 2024 even though large companies are making record-breaking profits. That is why in this episode of The Unemployable Life, we looked at the impact of corporate layoffs on employees, including who has been laid off, the profit margins causing those decisions, and how layoffs can affect mental health, personal relationships and financial stability.

What can you learn from this episode?
- IBM, Microsoft, Amazon, and others are laying off thousands despite large earnings.
- The impact of social media on layoffs and how employees can defend themselves
- Mental health challenges: depression, anxiety, and suicide risks after layoff
- How layoffs harm family dynamics, strain relationships, and divide employees
- Japan's severe layoff safeguards and how the United States can learn from them
- Strategies for protecting oneself financially, psychologically, and emotionally.

By watching this episode you will also witness how we explore the legal and ethical aspects of layoffs, raising difficult questions about whether layoffs should even be permitted when businesses are thriving. 

This is part one of a two-part series on layoffs and retirement, so be sure to join us for the next episode!

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