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How to Bounce Back After a Layoff
Let’s be honest. Getting laid off is no walk in the park. It can leave you feeling stressed out, hopeless, and defeated. But should you simply give up? No way. While getting laid off is unfortunate, being sorry about it only makes you feel worse and is a waste of your precious time.
However, if you approach getting laid off as an opportunity to be mindful and assess your career goals, the change could be all for the better. To find success after a layoff, here are the first steps you should take:
Don’t Burn Bridges
While it might be tempting to go out with a ‘bang’ at your company, a dramatic exit may harm your future job opportunities. Burning bridges won’t get you the good recommendations you need in your job search and will ruin your chances of ever getting asked back at the company. Today’s coworker could also be tomorrow’s employer. Adding negativity to an already stressful environment could limit your potential job connections.
Assess Your Finances
When you’ve packed up your desk and made it home, the first thing you should do is calculate how long you can go without a paycheck. Take inventory of your severance package and savings and sum up your monthly expenses. If you need to sign up for unemployment benefits, do so sooner rather than later. There are also handy money-saving apps like Mint and Spendee that display your expenditures into detailed graphics, giving you a clear picture of your financial status. For budgeting, Google also has free spreadsheet templates that are ready to use for your personal finance needs.
Take a Walk
Once your finances are in order, take a breather. Get some fresh air, meditate or take a walk. Studies show exercise is proven stimulate the brain in a way that boosts self-esteem and makes you feel more relaxed. Losing your job is a stressful process, so performing any activity that can help you achieve clear-headedness is highly recommended.
If you haven’t already done so, update your resume, LinkedIn©, and other profiles to include your most recent work history, contact information, and post that you are currently seeking a new position. Need some help in this process? Check out this blog for tips on how you can stand out on LinkedIn!
Next, figure out what job you want. Do you want to make a career change, or are you looking for a similar job to the one you had before? Before you dive headfirst into the job pool, it’s important to evaluate what you want for your career and what connections you have to help you get there.
You organized your finances, took some time for yourself, and strategized your job search. Now it’s time to start applying! Remember to take your time with each application, fine-tuning it to be cohesive with what the job description says.
Not sure where to start? Try LinkedIn and/or Glassdoor, where you can see how companies are rated by their employees. No employee wants to experience a layoff, but the sooner you pick yourself back up and start being proactive, the faster you’ll be on the path toward success.
Recently laid off and seeking a position? Take a look at our regularly updated jobs page here.
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