Recession Cannot Come In These Places, Your Job Will Be Saved Even In Times Of Layoffs

Shubham Dubey
3 Min Read
Layoffs

These days, layoffs are going on in many companies. Many big tech companies are facing a recession. Due to this, the jobs of the employees are in danger. This phase, which started in November 2023, is still going on. However, there are many places where the impact of a recession is very low. Your job can remain safe here. Let us know which are those places.

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Healthcare Sector

Healthcare and social services sectors may remain untouched by layoffs. Even during the Corona period, when people’s jobs were in trouble, it had the opposite effect on healthcare. More and more people were needed here. Doctors, nurses and other staff are always needed to care for patients. Hospitals, government facilities, and agencies still need pharmaceutical companies. The special thing is that the government also often focuses on healthcare.

Governments often increase their spending on health care to stimulate the economy. In such a situation, people working in the healthcare sector need not worry.

Retail, Food and Accommodation

Even during the economic recession, food items are sold in abundance. In such a situation, there is no decline in customer demand for essential commodities like groceries and raw materials. The demand for essential commodities in India’s retail market will reach $1.1 trillion by 2027. By 2032, it can reach 2 trillion dollars. Similarly, the contribution of the hotel industry to India’s GDP was $40 billion in 2022.

Many IT Companies Have Done Layoffs

Now, it is expected to reach $68 billion by 2027. In such a situation, it can be said that the retail, food and accommodation sectors can remain untouched by recession and layoffs. There is less risk to the jobs of people working in IT here.

Let us tell you that some time ago, Alphabet showed its way out to thousands of employees. Google has also talked about layoffs. Many IT companies, including Apple, Amazon, Meta, Dell, Ericsson, Cisco and SAP, have been doing layoffs in the last few months.

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By Shubham Dubey Journalist and Social Media Manager
Shubham is responsible for managing News Waker's social media accounts. He creates and schedules content, responds to followers, and analyzes social media metrics to improve engagement.