It can feel scary to go on LinkedIn these days and read the headlines from the big tech guys.
Microsoft laid off 10,000 — 5% of their workforce since 2020.
Meta cut over 11,000 employees last year.
Google laid off 12,000 workers just last month.
According to Layoffs.fyi, at least 150,000+ got laid off from more than a thousand tech companies last year.
And it’s even scarier if you are one of the thousands impacted by the news.
I know it’s 100x easier to say this from an outside perspective, but if you have been let go by your former employer, I am sorry you have to go through this. I hope you know you are not alone.
These layoffs have not just affected tech but have swept across different industries worldwide. We meet with candidates and clients every day who feel stuck on what to do next. While there is no one right way to move forward, here are some strategies and tips for overcoming job loss and finding success in your next career chapter.
It’s normal to experience a range of emotions after being laid off, from shock and disappointment to sadness and anger. However, it is crucial to take the time to process these emotions and not suppress them. Allowing yourself to feel and acknowledge these emotions can help you move forward in a healthy way.
You can also channel your emotions into productive activities such as exercise, hobbies, or volunteering to regain control and find purpose during this transition. My go-to relaxing activity is taking a walk around my neighborhood every day around 5:30 PM just when the sun is about to set. It helps me take my mind off of work and take in the scenery. If you haven’t incorporated a daily walk into your routine, try it out! It also helps to reach out to your friends and family and share your emotions with them to get the support you need.
Now that you have recentered yourself, it’s important to consider if you need to look at your case from a legal lens. Please keep in mind that I am not a lawyer but simply a Career Coach who has worked with clients who have been through similar situations.
I encourage you to speak with a friend or a specialist who can help you understand your rights and responsibilities. Depending on your situation, you may receive additional severance pay or other benefits outlined in your employment contract or company policies. In my opinion, if a company offers 3 months of severance or more, I think that is fair compensation and gives you time before jumping into your next role immediately. With that said, every situation is different.
Review any agreements you have in place, like non-compete or confidentiality agreements. This will be important when you start your job search. If you feel that you need professional advice on where you legally stand, reach out to an employment specialist or lawyer for advice.
It’s all right to feel overwhelmed by the future, but it’s important to stay positive and focus on your goals. Start by updating your resume and reaching out to your professional network to let them know you’re on the job hunt. Take advantage of any outplacement services offered by your former employer, or consider seeking the help of a career coach to help you identify your strengths and opportunities.
Use online resources such as job boards and professional networking sites to find job openings and make new connections. Additionally, consider expanding your skill set by taking courses or attending workshops related to your field. Most importantly, be patient and stay optimistic. Finding a new job will often take time. With persistence and determination, you will find a unique opportunity that is the right fit for you. Trust me, my friend, your time will come.
Something that many candidates forget to consider is the importance of knowing their story. I have coached thousands of clients and the first step (and most important in my opinion) is to figure out what they REALLY want next. What lights them up? What skills do they excel in?
Being impacted by layoffs might have shaken your confidence and given you a different perspective on your job security, but this situation is not the end of your career. I’m here to tell you that it’s 100% possible to make a career pivot and be even more fulfilled in your next role! It’s all about knowing your story and how your skills & experiences would make you a great fit.
When applying for a job, it’s natural to feel nervous when discussing layoffs. Remember to stay positive and confident when talking about your experience.
And most importantly, keep in mind that you are not alone. Everyone in their career either has been in your shoes or knows someone who has been impacted. Believe me, good people will empathize with your situation.
I recommend being honest about the circumstances surrounding your layoff (e.g. company downsized their marketing team, tech startup didn’t raise enough funding, etc.) Keep your language positive and focus on the future. Approach the subject confidently and focus on your skills and why you’re the right fit for their team.
I understand that being laid off is a trying and deeply personal journey. It’s natural to feel overwhelmed and uncertain about what the future holds. But let me assure you, this moment does not define who you are. You have the power to overcome this challenge and come out stronger on the other side. By approaching this situation with a positive attitude and a well-thought-out plan, you can turn this difficulty into a chance for growth and advancement in your career. I am rooting for you!
Learn the strategies for your resume, interviews, and emails that have helped our clients land roles at Tesla, Google, J.P. Morgan, Adidas, and more.