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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