After every fall, there is a rise ...
A ray of hope for CMU Heinz Graduates in these times of layoffs.
What's on the news?
Photo by - See the References section below for citations to these news clippings.
Photo by - See the References section below for citations to these news clippings.
All we hear today in the news, social media and CMU's Heinz College is "layoffs" 😖
What's in the air for December 2022 graduates?
These are challenging times. We are going through a difficult phase of life.
The job market is crashing, and there are layoffs all around.
Inflation rates are booming in the United States, and finding jobs is getting harder.
Many students, especially new grads, are feeling hopeless about the future. I have seen many students in this situation.
But I firmly believe there is a ray of hope for every Heinz College Graduate ...
... despite the following daunting but authentic facts.
But that's not it ...
Unfortunately, there is more to these layoffs :(
The monthly reported layoffs in the US in 2022 have exponentially increased in the final quarter. This is heartbreaking, just before the holiday season.
Graduation of December 2022 Heinz graduates is just around the corner. Such an unfortunate trend can be depressing to many.
As expected, most major tech hubs in the US are affected by the recent layoffs, including San Fransisco, New York City, Seattle, Los Angeles, Boston, Chicago, Austin, and Atlanta.
A lot of Heinz graduates get full-time offers in these leading tech hubs.
The workforce in E-Commerce, Fintech, Proptech, and Health Care has been the most affected by these layoffs.
Industries revolving around Enterprise Software, Media, Saas, Edtech, and Artificial Intelligence follow next.
A majority of Heinz graduates work in these industries upon graduation.
The public sector is affected more than the private sector by these layoffs. However, it may be possible that the private companies did not report their layoffs.
Nonetheless, Heinz graduates land in both public and private companies upon graduation.
Despite the above daunting trends and facts ...
There is hope ...
After every dull period of recession (with high unemployment rates), the US sees a significant decrease in unemployment. This is a positive sign and a small ray of hope.
If we were to enter a recession, everyone would be in it together, but things would be fine after that.
The most enormous and reliable ray of hope the Heinz graduates have is the potential they have developed in themselves at CMU.
Being admitted into a top-ranked university, CMU has exposed its Heinz College graduates to robust, extensive, and practical coursework.
Skills learned and developed by Heinz graduates are in high demand in the industry.
CMU's Heinz graduates earn much more than the other master's degree holders in the US.
Even during the tough times of COVID, when the economy was crashing, and when the world was going through its toughest recession, the employment of Heinz Graduates did not stop.
The painful COVID recession did not stop Heinz graduates from achieving their goals.
So, my dear friend ...
Don't worry!
Follow a robust job hunt strategy.
Keep hustling. Keep applying.
Some resources to boost your job hunt ...
Photo by Austin Distel on Unsplash
Photo by Austin Distel on Unsplash
Heinz Career Services
Your one-stop shop for all career-related support.
Photo by Glenn Carstens-Peters on Unsplash
Photo by Glenn Carstens-Peters on Unsplash
CMUniverse
An online community to connect with CMU Alumni.
Photo by Souvik Banerjee on Unsplash
Photo by Souvik Banerjee on Unsplash
CMU Alumni Association
LinkedIn group to connect with CMU Alumni.
... and to maintain good health and well-being during these stressful times.
Photo by Christina @ wocintechchat.com on Unsplash
Photo by Christina @ wocintechchat.com on Unsplash
Counseling and Psychological Services
Contact CMU's CaPS for confidential support on your personal and academic concerns.
Photo by Anupam Mahapatra on Unsplash
Photo by Anupam Mahapatra on Unsplash
Community Health & Well-Being
Engage with CMU's CH&WB to maintain good health during your stressful job hunt.
References:
1. “Google's plan to lay off 10,000 'poor performing' employees is based on ...” [Online]. Available: https://www.inc.com/nick-hobson/googles-plan-to-lay-off-10000-poor-performing-employees-is-based-on-a-big-lie-according-toharvard-professor.html. [Accessed: 09-Dec-2022]
2. Ashleycapoot, “Amazon reportedly plans to lay off about 10,000 employees starting this week,” CNBC, 15-Nov-2022. [Online]. Available: https://www.cnbc.com/2022/11/14/amazon-reportedly-plans-to-lay-off-about-10000-employees-starting-this-week.html. [Accessed: 09-Dec-2022]
3. D. O'Sullivan and C. Duffy, “Elon Musk's Twitter lays off employees across the company | CNN business,” CNN, 09-Nov-2022. [Online]. Available: https://www.cnn.com/2022/11/03/tech/twitter-layoffs/index.html. [Accessed: 09-Dec-2022]
4. Eduardo Munoz and Reuters, “Layoffs hit white-collar workers as Amazon, Walmart, others cut jobs,” The Wall Street Journal, 08-Dec-2022. [Online]. Available: https://www.wsj.com/articles/layoffs-hit-white-collar-workers-as-amazon-walmart-others-cut-jobs-11669930249. [Accessed: 09-Dec-2022]
5. S. D. Avery Hartmans, “Buzzfeed is reportedly cutting 12% of its workforce. Here are the other major US companies that have made cuts so far, from Amazon to Twitter.,” Business Insider. [Online]. Available: https://www.businessinsider.com/layoffs-sweeping-the-us-these-are-the-companies-making-cuts-2022-5. [Accessed: 09-Dec-2022]
6. Stephanie Dhue, “Job cuts rise in November, causing employees to shift focus to 'career cushioning' ,” CNBC, 02-Dec-2022. [Online]. Available: https://www.cnbc.com/2022/12/01/employees-to-shift-focus-to-career-cushioning-as-job-cuts-rise.html. [Accessed: 09-Dec-2022]
7. K. Vedantam, “Tech layoffs: US Startups and tech companies with job cuts in 2022,” Crunchbase News, 09-Dec-2022. [Online]. Available: https://news.crunchbase.com/startups/tech-layoffs-2022/. [Accessed: 09-Dec-2022]
8. “Employment information & salary statistics,” Carnegie Mellon University's Heinz College. [Online]. Available: https://www.heinz.cmu.edu/current-students/career-services/employment-information-salary-statistics. [Accessed: 09-Dec-2022]
9. “Digest of Education Statistics, 2021,” National Center for Education Statistics (NCES) Home Page, a part of the U.S. Department of Education. [Online]. Available: https://nces.ed.gov/programs/digest/d21/tables/dt21_502.30.asp. [Accessed: 09-Dec-2022]
10. U.S. Bureau of Labor Statistics, 09-Dec-2022. [Online]. Available: https://www.bls.gov/. [Accessed: 09-Dec-2022]
11. “Dates of U.S. recessions as inferred by GDP-based recession indicator,” FRED, 28-Oct-2022. [Online]. Available: https://fred.stlouisfed.org/series/JHDUSRGDPBR. [Accessed: 09-Dec-2022]
12. “CMUniverse,” Peoplegrove. [Online]. Available: https://cmuniverse.peoplegrove.com/v2/. [Accessed: 09-Dec-2022]
13. C. M. University, “Caps - counseling and psychological services (CAPS) - a division of student affairs - Carnegie Mellon University,” CaPS - Counseling and Psychological Services (CaPS) - Division of Student Affairs - Carnegie Mellon University. [Online]. Available: https://www.cmu.edu/counseling/. [Accessed: 09-Dec-2022]
14. C. M. University, “Resources - Community Health & Well-being - student affairs - Carnegie Mellon University,” Resources - Community Health & Well-Being - Student Affairs - Carnegie Mellon University. [Online]. Available: https://www.cmu.edu/wellbeing/resources/index.html. [Accessed: 09-Dec-2022]
Built with Shorthand