Layoff can be a difficult and stressful experience.
However, there are steps you can take to prepare and mitigate the impact.
Before an impending layoff:
- Stay informed. Pay attention to news about your company and industry, and keep an ear to the ground for any rumors of layoffs. If you sense that layoffs are coming, start preparing by updating your resume and LinkedIn profile, and networking with people in your field.
- Get your finances in order. Review your budget and see where you can cut back on expenses. Consider building up an emergency fund if you don’t already have one.
- Know your rights. If you are laid off, you may be entitled to severance pay, unemployment insurance, and other benefits. Research your rights and be prepared to negotiate your severance package.
During a lay off:
- Be professional. Even if you are angry or upset, it’s important to remain professional during the layoff process. This means dressing appropriately, being polite, and asking questions in a respectful manner.
- Gather information. Ask your manager about your severance package, unemployment eligibility, and any other benefits you may be entitled to. Also, ask about any outplacement services that your company may offer.
- Say goodbye to your colleagues. Take the time to say goodbye to your colleagues and thank them for their support. This is also a good time to exchange contact information so that you can stay in touch.
After a lay off:
- Take some time for yourself. It’s normal to feel a range of emotions after being laid off, such as sadness, anger, and anxiety. Allow yourself some time to grieve the loss of your job and process your feelings.
- Start your job search. Once you’ve had some time to adjust, it’s time to start your job search. Update your resume and LinkedIn profile, and start networking with people in your field. You may also want to consider working with a recruiter or career coach.
Here are some additional tips for handling an impending layoff:
- Don’t take it personally. Layoffs are often a business decision that has nothing to do with your performance as an employee.
- Remember that you’re not alone. Many people go through layoffs at some point in their careers. There are resources available to help you cope and find a new job.
- Be positive. A layoff can be a new beginning. Use this time to reflect on your career goals and what you want to do next.
Remember, you are resilient by biological and evolutionary design, and you will get through this.