This quick, one-time registration gives you access to members-only site benefits. Sometimes there’s just no way to predict when you might lose your job. But if you can recognize the warning signs, you might be able to salvage your position, or at least prepare yourself for an imminent job search. You have to know which questions to ask. So here they are, 10 of them. Use them to help you spot the myths (the party line) your company espouses and separate them from the truth. Is there talk of a merger or acquisition? This is probably the #1 reason to be on the alert for impending downsizing. Everything will stay “status quo.” Sooner or later, the workforce will be consolidated. In many cases, this will include plant closings of redundant or outdated facilities. Are profits down? Is the outlook for company earnings generally gloomy? It's just a bad year. We’ll rebound soon. Cost-cutting is the easiest way to shore up sagging profits. Jobs are usually the first to go. Remember, the higher the salary, the more savings there will be with eliminating your position. Has a new exec been hired, a so-called “hatchet” man? (Or, have consultants been brought in to “analyze business performance”?) We’re bringing in outside expertise to streamline operations and implement best business practices. This will strengthen the company's financial position. Their first recommendation is usually to downsize the existing labor force. A few more questions you should be asking: Is the company the target of significant lawsuits? Has it become embroiled in external difficulties such as lawsuits over product safety or GMP or financial disclosures? The money to pay settlements and legal fees has to come from somewhere. Did a key product fail to get FDA approval? Look for downsizing or freezes until approvals are attained
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