5 Things To Do If You’re Laid Off From Your Job
Since the start of 2023, it’s estimated that more than 150,000 workers at U.S.-based tech companies have been laid off from their jobs. Thousands more jobs have been lost in other industries as well.
Losing your job due to a layoff can be a daunting and emotional experience. It’s natural to feel uncertain about the future and anxious about the next steps. We’re here to help with five things you should do if you have recently lost your job.
#1. Take Time to Process and Realign
Getting laid off can be emotionally taxing, and it’s crucial to give yourself time to process the situation. Allow yourself to grieve the loss of your job and use this time to reflect on your career goals and realign them with your values and passions.
Take note of your accomplishments and the skills you’ve acquired during your tenure. Understanding your strengths and interests will guide you toward a more fulfilling career path.
#2. Consider Contacting an Employment Lawyer
Depending on your job situation and employment contract (if you signed one), you might consider reaching out to an employment lawyer. If you feel you were wrongfully terminated or you experienced harassment in the workplace, you may have grounds for legal action against your former employer.
An employment lawyer can help you review your situation and determine any possible next steps.
#3. Assess Your Financial Situation and Create a Budget
After a layoff, managing your finances becomes a top priority. Evaluate your savings, severance package (if applicable), and any other financial resources you can rely on during your job search. Create a detailed budget that accounts for essential expenses and identifies areas where you can cut back if necessary. This exercise will not only provide financial security but also alleviate some of the stress associated with job loss.
#4. Network and Seek Support
Leverage your network to find new opportunities. Inform friends, family, former colleagues, and professional contacts about your situation and the type of roles you are interested in. Attend industry events, workshops, and virtual networking sessions to expand your connections further. LinkedIn and other social media platforms can be powerful tools for connecting with potential employers and industry professionals. Surrounding yourself with a supportive network will keep you motivated and may lead to unexpected job leads.
#5. Upskill and Enhance Your Knowledge
During a layoff, invest in personal and professional development. Identify areas where you can enhance your skills or acquire new ones that align with your career goals. Consider taking online courses, attending workshops, or participating in webinars related to your industry. Upskilling not only makes you more marketable to employers but also boosts your confidence and empowers you to adapt to evolving job trends.
You can also take the time to explore entrepreneurship or freelancing opportunities. Evaluate your skills and interests to identify services or products you can offer independently. Freelancing platforms like Upwork, Fiverr, or Toptal can connect you with potential clients. Starting a small business can be challenging, but it allows you to take control of your career and work on projects you are passionate about.
Take Your Next Step
A layoff can be a turning point in your career journey, presenting both challenges and opportunities. While it is natural to feel overwhelmed and uncertain, taking proactive steps can help you navigate this transitional phase successfully.
If you need the assistance of a lawyer to help with your situation, contact McGonigle Law. Our team has decades of experience with employment law cases.
The information contained herein is for general purposes only and does not constitute legal advice.
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