Downturn

White-collar layoffs soar at brand companies amid economic downturn

White-collar layoffs soar at brand companies amid economic downturn

Early in the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But now that the pandemic has subsided, it’s those workers who are outnumbered and it’s the highest-paid employees who find themselves at the end of the layoff announcements. Among the branded companies that recently …

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A former Shopify employee used her severance pay to found a new startup after being made redundant along with 1,000 other people.  Here's why it can be a smart move in a downturn.

A former Shopify employee used her severance pay to found a new startup after being made redundant along with 1,000 other people. Here’s why it can be a smart move in a downturn.

Stella Alexandrova founded travel app MAVE after it was fired by Shopify.Stella Alexandrova Stella Alexandrova was among 1,000 employees laid off by e-commerce giant Shopify in July. She saw the layoff and five months of severance as an opportunity to start a business. A recession is actually a good time to start a business, says …

A former Shopify employee used her severance pay to found a new startup after being made redundant along with 1,000 other people. Here’s why it can be a smart move in a downturn. Read More »

UK property market risks major downturn as recession fears loom

UK property market risks major downturn as recession fears loom

Economists predict that soaring interest rates and falling prices will mark the end of the 13-year British property market boom, which could lead to a fall in property prices. Matt Cardy | Getty Images News | Getty Images LONDON — Britain’s property market could be on the verge of a major downturn, with some market …

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A Certified Financial Planner and Author Shares His 5 Strategies to Protect Your Finances Against Recession Before a Downturn Hits

A Certified Financial Planner and Author Shares His 5 Strategies to Protect Your Finances Against Recession Before a Downturn Hits

Some financial analysts predict that there will be a recession in the next 12 months. A recession, accompanied by inflation and rising interest rates, could have a real impact on Americans’ wallets. It’s time to make your finances more resilient before the economic downturn begins. With inflation at its highest level in 40 years and …

A Certified Financial Planner and Author Shares His 5 Strategies to Protect Your Finances Against Recession Before a Downturn Hits Read More »