Just over a month into 2024, and companies like UPS, Citigroup and Salesforce have announced plans to cut thousands of jobs, signaling to workers that the job market will likely be tough this year.
But many employees are already expecting the worst. Resume-builder platform MyPerfectResume surveyed nearly 2,000 Americans and found that 85% of workers are worried about losing their jobs, while 78% predict a recession will finally hit the economy. Although the U.S. avoided two consecutive quarters of economic slow-down in 2023 — the conditions required for an official recession — the continued impact of record inflation rates and big layoff announcements have set workers on edge in the new year.
