Layoffs in the tech sector have heavily dominated the headlines. If you are not directly affected, you probably know someone who is affected. You may even be asking yourself the all-important question, “Could I be next?” According to a study by staffing firm Insight Global, 78% of US workers are worried about losing their job. Not only does this create anxiety, but it also negatively affects a person’s overall well-being.
But despite the current job market, there is a silver lining. While it can be a traumatic, ego-busting experience, being fired isn’t necessarily a setback. In fact, if handled correctly, it can lead to even better opportunities.
If you’ve recently been laid off, it’s time to gain some perspective so you can plan your next career move. Let’s look at some steps you can take to reinvent your career after a layoff and make the most of this uncertain time.
1. Take a break
Whether it’s your first or your fifth, don’t underestimate the emotional toll of a layoff — especially when it comes as a surprise. After the initial shock has worn off, take some time to process your feelings and what you have learned from your work experience. Prepare to slowly process a range of emotions, from sadness to anger to possibly relief. This is also a critical moment to practice emotional and physical self-care. Make time to exercise or pursue hobbies that you may have neglected for a while. Putting yourself in the right mindset will be important when planning your career.
2. Reassess your values and priorities
Now that you’ve found yourself with a clean slate, it’s time to hold on to what you value and let go of what you don’t. Reflect on your values and priorities and whether they aligned with your previous job. If not, it might be time to consider a career change.
Ask yourself questions like:
- Do I want a similar position?
- Am I interested in working in the same industry?
- Is it time to finally pursue my passion?
Then make a list of your top ten values and post it in a place where you can see it every day. That way, you’re more likely to keep them in mind when planning your next move.
3. Stay productive when looking for a job
Contrary to the old adage, job hunting is not and should not be a full-time job. Spending 40 or more hours a week looking for a job will drive you crazy. Instead, create a schedule. For example, you could devote three days a week to your job search. Or you can decide to set aside a few hours each day for these activities. The key is consistency. Figure out what works best for you and get into a daily routine. Also, be sure to balance your job search activities with other interests. For example, look for opportunities to volunteer, which is a great way to network while learning new skills and doing something good for the community.
4. Ask for help
Returning to the job market can be daunting, especially if you’ve been with the same company for a while. It is also common for job search strategies to change over time. At this point, you may not yet know exactly how to expand your network on LinkedIn or how to optimize your CV for applicant tracking systems. Therefore external experts can be helpful. Working with a coach or mentor allows you to lean on someone with specialized resources and a fresh perspective. It’s also nice to have an unbiased party in your corner as you navigate the evolving employment landscape.
5. Stay connected
For many people, their work colleagues are a big part of their social life. Leaving the company can be isolating, but that doesn’t mean you have to leave friends behind. At times like these, friends and co-workers can be the best people to lean on. If they don’t get back to you right away, it may be because they aren’t sure you want to hear from them. In that case, reach out to your network when you feel ready. Nowadays many people even use platforms like LinkedIn to announce that they are looking for a new challenge.
Getting fired doesn’t have to be the end of the world. You may even emerge more resilient than before. Just think of it as a stepping stone, not a stumbling block. That way, you’ll be in the right frame of mind to create possibilities for yourself that you never thought were possible.
Feeling stuck and not sure if it’s time to make a career change? Download my free guide: 5 signs it’s time for a bold career change!
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