Amid a tough labor market, it seems like layoffs have become an unavoidable part of an employee’s career. But for women, the financial repercussions of finding themselves out of a job are potentially more dire than for their male colleagues.
Despite feeling more secure in their current roles, women are far less secure in their finances than men should they lose their job suddenly, according to a recent report from digital personal finance company Achieve, with 66% admitting to being financially unprepared for a layoff, compared to 54% of men, and 34% anticipating a recession.
