Do You Experience Layoff Anxiety? You’re Not Alone

It’s common to worry about losing your job, but the key is to always be prepared for that possibility. Sometimes, people lose their jobs because they underperform or break company rules. Other times, however, they fall victim to layoffs. Layoffs can happen when companies restructure, when businesses lack the revenue to retain their full staff,…

Do You Experience Layoff Anxiety? You’re Not Alone

It’s common to worry about losing your job, but the key is to always be prepared for that possibility.

Sometimes, people lose their jobs because they underperform or break company rules. Other times, however, they fall victim to layoffs. Layoffs can happen when companies restructure, when businesses lack the revenue to retain their full staff, or when recessions strike. And if you’re worried about a layoff, you’re in good company.
A good 48% of U.S. employees experience layoff anxiety, as per a new survey conducted by The Harris Poll on behalf of CareerArc, with younger workers aged 18 to 34 more likely to fear a layoff than those 35 and over. These concerns exist despite the fact that unemployment rates are currently at a record low and the job market is overwhelmingly healthy.
IMAGE SOURCE: GETTY IMAGES.

Part of this mindset, however, might stem from past experience. An estimated 40% of Americans have either been laid off or terminated at least once in the course of their careers. Not only that, but 47% of U.S. workers say they aren’t prepared to handle a layoff.
It’s the latter point that’s concerning, because the re
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