Global tech giants are laying off at an alarming rate: Top 7 side hustles to keep you afloat during job cuts

In today’s highly volatile job market, side hustles have become more than just a trend; they are now a necessity. A report by MarketWatch, a platform dedicated to providing reviews and information to assist readers make educated purchasing choices, reveals that 54% of Americans are turning to side hustles to boost their income. With layoffs looming large, especially by tech giants such as Microsoft, Apple and Dell among others, having an alternative source of income has never been more critical.Beyond financial security, side hustles offer a creative outlet and a chance to pursue passions outside of regular work hours. Whether it’s freelance writing, graphic design, tutoring, or e-commerce, these ventures provide flexibility and the potential to grow your skills. As inflation continues to surge, side hustles also serve as a valuable tool for combating rising living costs. For employees facing job uncertainties, exploring these opportunities can offer both economic stability and personal fulfillment, making them a smart choice in today's competitive market.

If you possess a knack for writing and editing, then freelance writing can be an ideal option for you. There are numerous platforms that offer opportunities to budding writers and pay them hefty salaries. If alongside writing, you have editing and proofreading skills with a strong hold on grammar then you can also take up some editing projects. If you are a versatile writer and know how to don numerous hats, then this field has a lot to offer.
Earning potential: Freelance writers typically earn anywhere from ₹500 to ₹10,000 per article, depending on experience and niche.

The advent of e-learning has led to a rapid surge in online tutoring opportunities. If you have expertise in subjects like math, science, or even languages, you can offer your services to students across the globe. The demand for skilled tutors is high, and platforms allow you to teach based on your availability. Some tutoring platforms even offer on-demand sessions, making it a flexible side hustle.
Earning Potential: Online tutors can make between ₹800 and ₹2,000 per hour, depending on the subject and experience level.
If you're a social media enthusiast with an understanding of content creation and strategy, consider becoming a social media manager. Your job would typically include creating posts, responding to comments, tracking engagement metrics, and sometimes running ad campaigns. Tools like Buffer and Hootsuite make managing multiple platforms easier.
Earning Potential: Social media managers can earn between ₹5,000 and ₹50,000 per month, depending on the number of platforms and the scope of work.
If you have a creative side, selling digital products can be an excellent way to generate passive income. Creating a digital product takes time upfront, but once it's created, it can generate income indefinitely without requiring further work.
Earning Potential: Depending on the type of product, you can make anywhere from ₹1,000 to ₹50,000 or more, depending on demand and sales volume.

Many businesses, entrepreneurs, and bloggers need help managing their day-to-day tasks. If you’re organized and good at multitasking, offering virtual assistant (VA) services might be a perfect fit for you. Tasks can include scheduling meetings, responding to emails, managing social media, or data entry.
Earning Potential: Virtual assistants typically earn between ₹10,000 and ₹50,000 per month, depending on the tasks and the hours worked.

Although not a high-income side hustle, participating in online surveys and market research can provide a steady trickle of extra cash. While this isn’t the most lucrative side gig, it's one of the easiest. You can complete surveys during your spare time while commuting, for example, or during lunch breaks.
Earning Potential: Income from surveys can range from ₹2,000 to ₹10,000 per month, depending on the time invested and the number of surveys completed.