LOS ANGELES — The recent wave of layoffs from major tech and media companies like eBay, Riot Games, and the Los Angeles Times has left many people feeling uncertain about their job security. If you’re worried about the possibility of being laid off, or if you’ve already lost your job, there are steps you can take to navigate this challenging time.
Building an Emergency Fund
One of the first things you can do to prepare for a potential layoff is to start saving. Even if you can’t save enough to cover an extended period of unemployment, having a small emergency fund can help reduce your stress. Jesse Mecham, founder of the money management app YNAB, recommends asking yourself what you want your money to do. This can help you prioritize your savings and make sure you have a financial cushion in case you need it.
Updating Your Resume
Keeping your resume up to date and customizable for different job opportunities is essential. Scott Dobroski, a career trends expert, suggests leaving space in your resume to include keywords specific to the job you’re applying for. This can make it easier to tailor your resume to different positions and industries.
Expanding Your Network
Activating your professional network and reaching out to connections in your industry can give you a head start in finding new job opportunities. Talking to friends and colleagues about potential job openings can help you stay ahead of the curve.
Investing in Your Skills
Gaining new skills and adding certifications to your resume can make you a stronger candidate for future job opportunities. Whether it’s taking online courses or getting specific licenses, investing in your skill set can pay off in the long run.
Prioritizing Mental Health
After a job loss, it’s important to prioritize your mental health. Taking time to process your emotions and focusing on the positive aspects of a new chapter in your life can help you approach your job search with a clearer mindset.
Maintaining a Routine
Keeping a daily routine that includes self-care activities and job searching can help you stay grounded during this challenging time. Designating specific times for job applications and taking breaks to do activities you enjoy can help prevent burnout.
Understanding Your Benefits
It’s crucial to understand your compensation package and benefits after a layoff. This includes knowing your health insurance coverage and making sure you have necessary prescriptions and supplies for any ongoing medical needs.
Applying for Unemployment
Applying for unemployment benefits is an important step in staying financially afloat after a job loss. While it may not fully replace your previous income, it can provide essential support during your job search.
Considering Temporary Jobs
Temporary jobs can be a valuable option if you need to continue working while searching for a new full-time position. Including temporary work experience on your resume can showcase your adaptability and work ethic to potential employers.
Remember, you’re not alone in this process. Seeking support from friends, family, and professional networks can make a significant difference during this challenging time.
Steps to take if you’re worried about being laid off or unemployed. Remain calm, update your resume, and start networking. Stay positive, opportunities await! #Agree
Steps to take if worried about being laid off: save money, upskill, have a backup plan. Preparation is key. #Agree
Steps to take if you’re worried about being laid off or unemployed: Focus on self-care, explore new industries, and stay resilient. #Agree
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