In the latest edition of Fast Company's advice column, workplace expert Kathleen Davis discusses handling the distressing reality of working for a failing company. She outlines key indicators of failure, such as sustained financial losses, layoffs, hiring freezes, and uncertainty in management strategies. Employees feeling demoralized in such environments must assess their situation carefully. Ultimately, if there's little hope for recovery, seeking new job opportunities becomes essential for personal growth and emotional well-being.
Regardless of if or how soon your company might close, go bankrupt, be sold, etc., it can feel pretty demoralizing to work for a company that's not doing well.
If you feel the failure of the company is certain (or unfixable), you will have to find a new job.
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