Layoffs
What is a layoff? You can call it right-sizing or you can call it down-sizing. To the people that are impacted it just doesn't matter. This is when a company is forced to reduce its force (RIF) in order to make ends meet. So some employees have to go in order for the business to survive. You can read more about layoffs in our forum.
Foreclosures
What is a foreclosure? This is when a family can no longer afford to make their house payments and the mortgage holder is forced to evict them and sell the home on the open market to try to recover at least a portion of what is owed to them. This is now happening at epedimic rates in the U.S. You can read more about foreclosures in our forum.
Unemployment
What is unemployment? You are unemployed if you lose your job for any reason. It may be due to a layoff or it may be due to some other act (you may get fired or even quit your job). You may be eligible for unemployment benefits if you involuntarily lost your job.
Outsourcing
What is outsourcing? Your job is outsourced if the company decides to hire another company to do the work that the employees used to do. This is frequently associated with jobs being exported out of the U.S. to countries where labor is less expensive. You can read more about outsourcing on our forum.
Layoffs, Foreclosures, Unemployment, and Outsourcing... What is Going On in the USA?
Let's try to figure out what is going on together by sharing our experiences with each other and keeping each other aware of what is happening in our World. It's not easy to go through any of these life altering events but if we join together we can help each other and make a difference. All of the founders of this site have found themselves in the same or similar positions so you will get a sympathetic ear here and we will do our best to help you through these difficult times.
