Thread regarding Bank of New York Mellon Corp. layoffs

Job market right now

I think job market is horrendous right now. High interest rate environment is reducing new roles and also causing lay offs. Many job seekers for too few positions.

I am stuck between a rock and a hard place.
Cannot resign without getting a new job and not able to get a new job.

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Post ID: @OP+1oN6OOt3

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High interest rate environment?

As of today, the highest money market rate is 5.08% compared to a national average rate of 0.54%.

1970s were 20% interest rates. That my friend is a high interest rate. We just got a mortgage for 3.625%. We were partying like we won the lottery.

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Post ID: @1psi+1oN6OOt3

You might have to make adjustments (relocate, switch industries, make a lateral move) to find a new role.

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Post ID: @1oma+1oN6OOt3

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