Job Survey, Layoffs

Associate Life Survey: Soft Economy = Career Carnage?

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In today’s ATL / Lateral Link survey, let’s focus on job security, and investigate just how hard the softening economy has been hitting the associates at your firm. As in layoffs.

Last December, we found that roughly 10% of associates were afraid of losing their jobs, and another 12% were afraid for others but not themselves.

In June, we noted that fear had spread, with 28% of associates afraid of losing their own jobs, and another 17% fearing for others’ professional lives.

By August, about 30% of survey respondents reported at least some level of involuntary departures at their firms.

And now, even as bonus season kicks in, commenters predict further pain:

“Unfortunately, this morning another top firm fell into the Cravath morass”

This bonus whining (from people who don’t get one) is going to look quaint after the January layoff/eval bloodletting.

That seems to be a pretty common sentiment . . . and there are quite a few associates out there whose firms aren’t waiting ’til January.

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Is the wreckage already too widespread for even Count Layoffula to tally?

Let’s find out.

Update: This survey is now closed. Click here to see the results.

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Justin Bernold is a Director at Lateral Link, the sponsor of this Associate Life Survey.

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