Corporate acquisitions and restructurings take a particular toll on the highest paid and the most experienced. It can be very difficult. Joe Massillo, a former executive with a now-defunct manufacturing concern, says he could probably find work tomorrow if he were willing to relocate. But he is trying to stay in Fort Worth, Texas, where his wife already has a good job. Meanwhile, the dynamics of searching for work have changed.
Computers now screen resumes for key words.
Online employment sites pit the jobless against the already-employed in a relentless, continuing competition. California-based Cisco Systems Inc. recently said it will need 4,000 added employees for an expanded campus here. Canada's Nortel Networks Corp. aims to add several thousand employees in North Texas this year. Locally based Texas Instruments Inc. is so eager for workers it has set up recruiting booths at flea markets. But their demand is chiefly for technology workers.