One in ten people laid off in the GCC this year
One in ten professionals have lost their jobs…
December 8, 2009 4:40 by kippreport
One in ten professionals have lost their jobs during the last year in the GCC, according to a survey conducted by online recruitment firm Gulf Talent. The survey says that the UAE saw the highest number of job losses in the GCC, with 16 percent being made redundant in the country. Overall, the real estate sector saw the biggest cuts, with 15 percent losing their jobs.
The study found that while some of the expatriate professionals who lost their jobs have returned home, many have relocated to other places in the region.
The survey, which spoke to 24,000 professionals, also found that 15 percent of the companies in the region are planning further job cuts, while 51 percent are expecting to increase headcount next year.