A growing number of companies are announcing layoffs and downsizing. Economic and geopolitical factors play a role in the decisions.
Start-ups and even giant brands like Netflix, Coinbase, Tesla, Redfin, and more have announced layoffs in 2022.
If you’ve been laid off, here’s some advice/facts you may use:
It is normal for one to feel a lot of emotions during such time, but do keep in mind that being laid off is never personal.
The cutback in hiring among companies isn’t uniform, and there are pockets of sustained demand for jobs.
All your efforts from your previous job when positioned correctly will help you gain new employment.
Laying off won’t damage your reputation because you aren’t being terminated.
Curate all the documents, metrics, or contacts you may require upon being laid off.
Note down data of any examples or metrics from past projects which you may need when updating your resume.
Go through all the documents on your work device and make notes of projects you have worked on.
List the accomplishments that you could use to showcase in your upcoming interviews.
Start networking again, so job opportunities start coming your way.
Make your friends, family, and professional networks aware that you’re seeking a new position
Keep an eye on industry trends, so you know if layoffs or furloughs are likely in the field you are interested in
If you are considering pivoting, make sure your skills are aligned. Investing in your skills is important no matter what industry you are targeting.
When you find a job you think you might consider, don’t waste any time applying; have your resume, cover letter, and LinkedIn profile ready.
Look after yourself, take a pause, and give yourself time to process
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