With changing market conditions and business requirements, firms do announce bulk layoffs to keep striving for their core objectives. No matter if you are a part of any layoff program or not, every single person linked directly/in-directly to these organizations can feel the emotional and financial turmoil.
Next Steps
If you are a part of any layoff program
- The sooner you train your mind and body with this reality the better your chances become to fight.
- Be honest with yourself, family, friends and professional network. There’s no harm in announcing on all your social handles that you are open for opportunities, who knows what’s waiting for you on the other side.
- Keep conversing with your family and friends, if condition allows, schedule a visit to the ones with whom you love spending time.
Next Steps
Introspect
- Find out what is working and what is not
- If things are working, continue to contribute
- Upskill
- Enroll on a course/certification to stay relevant
- Build a stream of passive income
- Even if you are satisfied with your current function, it is recommended to have a secondary income
If you are joining an organization that recently wrapped a layoff program
Conduct a thorough research to learn if they are still hiring, future plans, and how their competitors are performing
- If the organization hasn’t revoked any new offer and is still open to hire it means the leadership doesn’t want to compromise with individual performances and hence is still onboarding the best talents in the market for next phase of the journey
