Semiconductor industry job losses keep piling up.

I just heard from a friend that Spansion laid off more employees in Austin, California, and at other locations. This one was devastating for those involved. The small training organizations that there once were, now no longer exist. She says there are more bad announcements still to come this week.

This is on top of the relentless downsizing throughout the semiconductor industry (see video below).

Of the thousands who are newly out of work, I wonder how many had taken the time to recession-proof themselves? I’m talking about…

Recession-proofing one’s work and work product deliverables. Maximizing one’s value to their training organization. For those still working in training organizations, this should remain a focus. Examples and ideas will follow in future posts. Do not think that I am suggesting that this builds an invulnerability to the kind of global economic tsunami we are experiencing. It is certain that there are, and will continue to be, training departments that do all the right things that still fall in the face of the fury of this storm.
Recession-proofing one’s personal finances. On the one-hand it is the result of a lifetime of good habits. On the other hand, no matter what one’s circumstances, there are still daily choices that either contribute to recession-proofing your financial position, or undermine your position.
Recession-proofing one’s good name and reputation through networking and marketing. This is essential for the job search or for starting a business. It deserves attention whether you have a job, are looking for a job, starting a business, or running a business.
Recession-proofing one’s skill-set through continual learning. Identifying the right skills to add to one’s quiver is not easy, but those who make wise decisions and upgrade themselves with the right skills are in a stronger position.

What else? Please contribute your comments and ideas.

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