You’ve probably heard about AI disrupting jobs—but now there’s another threat: the Great Shrinking. This term describes America’s shrinking workforce, as companies downsize, cut positions, and reduce job openings—even among corporate giants like Amazon and Ford.
While layoffs and automation aren’t new, the scale and speed of these changes are unprecedented. AI is accelerating efficiency, allowing companies to replace roles, consolidate departments, and slow headcount growth, leaving employees in a more precarious position.
How the Great Shrinking Impacts Workers
- Fewer career opportunities: A smaller workforce means fewer open roles and a disproportionate ratio of candidates to jobs.
- Slower growth: Traditional career ladders may disappear, limiting upward mobility in large companies.
- Potential benefits: Smaller teams and companies often offer more creativity, innovation, and skill-building opportunities.
How to Survive and Thrive
Even amid downsizing, there are ways to protect and grow your career:
1. Gain AI literacy
Learn to use AI tools effectively. Being proficient in AI is now one of the most in-demand skills and can make you a more valuable employee.
2. Upskill and collaborate
Acquire new skills, enhance adaptability, and learn from colleagues in other departments. Cross-department knowledge can make you indispensable.
3. Start freelancing
Many companies rely on freelancers to handle excess workload. Freelancing builds your portfolio, income, and professional network—while offering a safety net.
4. Broaden your industry search
If your current field is shrinking, consider other industries. Sectors like healthcare or tech often have stable opportunities that match your skills.
