Jobs don’t always stay safe forever. Company changes, new rules, and shifts in what customers want can affect your role at any time. Still, there are often hints when your job is at risk. If you spot any of these eight warning signs, take a close look at your career plans.
Your Company Has Been Struggling Financially
If your company has been facing financial difficulties, it may be a sign that your job could be at risk. Struggling companies often make cuts to reduce overhead costs, and your position could be on the chopping block. Look for signs like layoffs, budget cuts, or financial reports that indicate a decline in revenue. If things aren’t looking up, it might be time to prepare for potential job changes.
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There Are Frequent Restructuring Announcements
Companies that constantly restructure or reorganize are often trying to streamline operations or adjust to changing market demands. If you’ve noticed frequent announcements about restructuring, it could signal that your job might be affected in the near future. Pay attention to the departments or teams that are being reshuffled or combined, as your role could be eliminated in the process.
You’ve Seen a Decline in Opportunities for Growth
A lack of growth opportunities can be a big red flag. If you’ve noticed that promotions or career advancement opportunities seem scarce, it may be a sign that the company is focused on cutting back or not investing in its employees.
This is especially true if you’re no longer being considered for important projects or leadership roles. A stagnant career path can often mean a diminishing future in the company.
New Management Is Bringing in Major Changes
When new leadership steps into a company, it can bring about changes that might directly impact your job. A shift in management usually comes with a new vision, strategy, and approach to how things are run. Unfortunately, this can sometimes lead to the elimination of certain positions that no longer align with the new direction.
If your boss or upper management is changing frequently, your role could be next in line for restructuring.
Your Job Tasks Are Being Shifted or Outsourced
If your responsibilities are being handed off to others or outsourced to external contractors, it’s a major sign that your job could be at risk. Companies often outsource work to save money, and if your role is being gradually transferred elsewhere, your position might be phased out entirely. Pay attention to any changes in your workload or who’s handling your tasks to gauge where you stand.
You Haven’t Had a Performance Review in a While
Performance reviews are a standard part of most jobs, and not receiving one for an extended period of time may indicate that your company is no longer invested in your growth. If you’ve been passed over for a review or feedback, it may suggest that management is not focused on your development, which can be a warning sign of job insecurity.
It’s important to seek feedback regularly to stay in the loop about how you’re performing and where you can improve.
The Company Is Cutting Back on Employee Benefits
A reduction in employee benefits, like healthcare coverage, retirement contributions, or bonuses, can be a signal that a company is facing financial strain or planning to make cuts. If benefits start disappearing or being reduced significantly, it could mean the company is trying to trim costs. If these cuts are occurring alongside other signs of financial struggles, your job may be at risk as well.
You’ve Noticed a High Turnover Rate
If you’ve observed that employees are leaving the company at a faster rate than usual, this could be a warning sign. High turnover rates often indicate dissatisfaction with the company culture, management, or job security.
If employees aren’t sticking around, it could be a sign that the company is not in a stable position. Keep an eye on the exits, especially if employees in your department are leaving unexpectedly.
Preparing for the Unexpected
Job security isn’t always guaranteed, and it’s important to keep your eyes open for signs that your job may be in jeopardy. If you notice any of these warning signs, it may be time to start considering backup plans. By preparing for the unexpected, you can cushion the blow if the worst happens.
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