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H
earing constant layoff news can sometimes feel like a stressful dream you can’t wake up fr
om.And the stress might get worse as companies reach historic highs in workforce cutbacks. Intel’s recent announcement of a reduction-in-force (RIF) of up to 20% of its 109,000-person staff, or roughly 21,000 jobs, and UPS’s plans to cut 20,000 employees would make these RIFs among the largest in US history. The biggest RIFs typically have accompanied economic downturns, as when Citigroup laid off 50,000 employees in 2008, and Hewlett-Packard cut 27,000 jo
bs in 2012.Economic fears loom large over a workforce that’s already seen 3.5 million