Cut financial flab to navigate your way through a turbulent job market

Curtail discretionary expenses and avoid fresh loans amid the current uncertainty

Sarbajeet K Sen New Delhi
investment, personal finance

The emergency fund should be parked in bank fixed deposits or liquid funds where it can be accessed easily.

Google, Amazon, Meta, Twitter, IBM, Intel, Microsoft and scores of other marquee tech names have announced layoffs in the thousands in the United States. Employees of their Indian arms haven't been spared the mayhem either. The funding winter in the start-up (including edtech) space, too, has led to massive job losses. A recent study by marketing and analytics firm Kantar has found that one of every four Indians is worried about being laid off.
While you have no influence over your company’s Human Resource Department’s decisions, a few steps to bolster your personal finances can help you navigate the current turbulence in the job market better.
Create an emergency fund

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First Published: Jan 30 2023 | 5:48 PM IST

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