Affected by a Layoff? 4 Ways to Take Control of Your Career

Affected by a Layoff? 4 Ways to Take Control of Your Career

May 2, 2024

The start of 2024 brought layoffs from companies across all industries including Nike, Ford, Microsoft and Deutsche Bank, among many others. In February, layoff announcements hit the highest for the month since 2009.

If you haven't been personally affected by a layoff, chances are you know someone that has. Getting laid off can be overwhelming and scary.

Dr. Lindsey Plewa, deputy director of career advising at the Zicklin School of Business at Baruch College who has coached thousands of clients on how to successfully navigate a job search, recommends four ways individuals can take control of their career after being terminated.

1. Get Your Ducks in a Row

Talk to your employer to understand severance pay. For example, is your severance pay a lump sum or a continuation of your salary over a period of time? In addition you'll want to understand health insurance coverage and if it ends on your last day. Now may be a good time to book any needed doctor's appointments.

Once you've reviewed the details with your employer, file for unemployment. In general, if you lost a job due to no fault of your own, you would likely qualify.

1. Pause

A layoff can be the motivational "push" if you have been feeling stuck and desperately need a career change.

If that's the case, don't silence that inner knowing. Whether it's totally changing career paths, starting a business, completely focusing on that side hustle, or going back to school, share your idea with a trusted friend, mentor or a career coach. You are the driver of your career and only you know if it's time to change direction.

1. Reflect

While it may be tempting to hurl yourself into a job search, it's important to first recognize that a layoff happens because of a company's need to restructure, not because of an employee's performance.

If you are in a negative headspace that will reflect in your job search efforts. Take stock in all you have to offer a future employer by:

• reviewing your past performance reviews noting areas where you excelled
• taking an online talent assessment and work with a career coach to understand your unique skill set (especially important for career changers)
• asking colleagues to write you a LinkedIn recommendation

1. Get the Word Out

Did you know that 9 out of 10 employers use LinkedIn during the hiring process? Review the LinkedIn job seeker checklist to make sure all sections of your profile are up to date.

Once you do that, get the word out about your situation. You can utilize the "open to work" feature, but a more proactive way to use LinkedIn is to post a message about your background and the type of people you're looking to connect to.

Finally, keep in mind that layoffs are unfortunately very common and there have been many just like you who went through something similar. The layoff is not a reflection of the work you've done or the work you still have to offer. Keep your head up and take small steps each day. As the poet Rumi says, "As you start to walk on the way, the way appears."

For over a decade, Dr. Lindsey Plewa has coached thousands of clients on how to successfully navigate a job search. She is currently the Deputy Director of Career Advising at the Zicklin School of Business at Baruch College in New York City.

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