There is no immunity in the C-suite

In an economy like this, nobody is exempt from the risk of unemployment, according to a recent story on CNBC. Including the CEO or VP.

There are a wide variety of reasons for changes at the top: Plummeting revenues, failure to adequately cut expenses, attractive single-swath payroll reductions, and that perennial favorite: Finding a scapegoat.

Implications: If you’re the chairman of a company, the over-supply of available talent might make this a good time to upgrade that leadership in your corner office. If you’re an employee, you might not need a job change to experience a changing job (and boss). If you’re a business-to-business sales rep, perhaps you should work deeper into every company you sell through; what a shame it is to lose “the one contact you had” within a major client.

Oh, and, if you’re a C- or VP-level executive… it might be smart to stay connected to old comrades, and keep your resume’ updated.

Mike Anderson