If you think a rolled gold resume is all you need to get back into the workforce, think again.
Cutbacks in a slowing economy are to be expected but many of the people who now find themselves updating their resumes are senior managers and executives more used to issuing redundancy notices than receiving them. It’s a grim time for senior executives wanting to get back into the workforce.
In addition to an economy that has remained on edge since the global financial crisis, many companies are cutting swathes through their management and executive ranks as restructures realign businesses and consolidate management hierarchies. And it’s not just companies: radical structural changes in the economy mean that many senior executives who have lost their jobs cannot assume that there will be demand for their specific expertise and experience.