The economic downturn has taken its toll on the job market, especially in the tech industry. Since the start of 2023, 127,000 tech sector employees have been laid off worldwide. If the current rate continues, another 900,000 jobs could be lost this year. The fear of recession has forced more than 350 tech companies to layoff workers, including Amazon, Google, Meta (Facebook), Microsoft, Netflix, Salesforce, Spotify, and Twitter.
If you’ve recently been laid off, you’re likely not sure what to do next. Let’s look at some valuable tips that can help you change your mindset, look for new opportunities, and bounce back in no time.
5 Tips to Help You Navigate a Layoff
1. Take Time to Recover, Relax & Reflect
While you don’t want to waste too much time before starting your new job search, it’s also important to mourn the loss of your job. Job loss can be traumatic, and you have to work through the stages of grief before attempting to look for new work.
Even if you knew layoffs were possible, the effect of being laid off can be shocking for your physical and mental wellbeing. Use this time to take care of yourself as you work through grief and recovery. Relax and use the time to heal, maintain a positive mindset, and reflect on what you liked and disliked about your old job.
2. Reach Out to Your Network
Your departure from work may have been sudden, so reach out to friends and colleagues from your former job. Let them know how to get in touch with you. Also, reach out to professional connections who would be willing to provide references for you.
3. Update Your Job Searching Materials
Review all of your job search materials, including your resume, your online portfolios, social media accounts, and cover letters. Highlighting your accomplishments and skills rather than job titles can position you better for interviews. It also lets hiring managers see your layoff wasn’t performance-based.
4. Learn New Skills
The time following your layoff is an ideal time to take skills related classes. Experience and certifications in new skills can help your resume stand out to recruiters and hiring managers. Improving your knowledge and expanding your skills can also improve your outlook and boost your confidence as you move forward.
5. Work with a Recruiter
When you’re ready to start your job search in earnest, consider working with a high-quality recruiter. A good recruiting agency is well connected throughout the business world. Whether you want a full-time job or want to pursue contract or temp work, a recruiter can find the right position for you and recommend you for it.
Being laid off can be an unexpected and scary experience. By focusing on new opportunities and utilizing your network and skills, you can bounce back from your loss in no time.
For help finding your next career move, turn to ABBTECH!