As you know it doesn't take a lot of arguments to say that credit or loans play important role in most organizations and when the access to loans are reduced its ripple effects are felt by employers and employees. Last year the Center for Economics and Business Research (CEBR) warned that there would be 62,000 financial job losses in London between 2008 and 2009. Just early this year due to the wind of credit crunch it was predicted by CEBR that at least 100,000 jobs would be axed in retail sector, UK's third largest employer. Job losses through credit crunch around the world have become a running story in the media these days. Major companies have crumbled, others have downsized their employees, outsourcing and mjor changes have affected other workers negatively.
Some people who are losing their jobs these days are also changing their careers. Others are also afraid to make career change in these hard times. Jessica McGrego has advice for those who are afraid to change career. There are suggestions on how to insulate your career against the threats of credit crunch in this article, 7 Strategies to Credit Crunch Proof Your Career. Credit crunch can "crunch" your career. Some careers are crunched. There are several ways to improve you career.