Experiencing a layoff can be incredibly challenging. It often leads to uncertainty, financial strain, and a flood of emotions. Recently, Workday disclosed the reduction of its workforce by 1,700 employees, representing 8.5% of its total staff, in a move aimed at enhancing focus on AI and global growth. Although such layoffs can be discouraging, they also present a chance for a new beginning.
If you’ve been laid off or are anticipating job loss, here are steps to manage your stress, take proactive measures, and expedite your job search.
1. Accept Your Feelings While Maintaining a Positive Outlook
Experiencing job loss can elicit feelings like shock, anger, sorrow, or anxiety—these reactions are entirely normal. Allow yourself the time to work through these emotions, but try not to linger in negativity. Keep in mind that a layoff is a business maneuver and does not reflect your capabilities or self-worth.
Quick Tip: Reach out to friends, family, or a career coach to help you navigate your feelings. Documenting your strengths and accomplishments can provide a much-needed confidence boost.
2. Evaluate Your Finances and Formulate a Strategy
Financial instability is one of the primary stressors following a layoff. Begin by assessing your savings, expenditures, and any severance pay received.
Next Steps:
Determine how long your severance and unemployment benefits can support you. Cut back on non-essential expenses whenever possible. If needed, look for temporary roles or freelance opportunities to maintain stability.
For instance, Workday’s U.S. employees are being offered a minimum of 12 weeks’ salary along with career counseling and benefits assistance. Make sure to utilize these resources fully.
3. Update Your Resume and LinkedIn Profile
Before you start sending out job applications, refresh your resume and LinkedIn profile to showcase your most recent skills and accomplishments.
- Adopt a concise, achievement-focused format for your resume.
- Emphasize your latest achievements and quantifiable contributions from your previous employment.
- Incorporate a “Career Break” section on LinkedIn to professionally address the layoff.
Pro Tip: Activate LinkedIn’s “Open to Work” option to indicate to recruiters that you are actively looking for new positions.
4. Broaden Your Network—It’s More Valuable Than You Think
A significant number of positions are secured through networking rather than through applications alone. Begin by reconnecting with former coworkers, mentors, and extended professional networks.
- Participate in industry groups on LinkedIn
- Join networking events and webinars
- Inform recruiters that you are open to new opportunities
5. Invest in Skill Development to Stay Competitive
In the event of having some free time, utilize it to acquire new skills that will enhance your employability. Many organizations appreciate candidates who demonstrate a commitment to learning.
Effective methods for upskilling include:
- Enroll in free or paid courses (Coursera, Udemy, LinkedIn Learning)
- Obtain certifications in relevant industry skills
- Engage in personal projects or volunteer work to gain practical experience
For instance, as Workday transitions towards AI-focused innovation, employees in technology roles might want to enhance their skills in AI, automation, or cloud computing.
6. Apply with Intention—Quality Over Quantity
While it may be tempting to apply for every available position, a selective approach often yields better results.
Strategies for smarter applications:
Customize your resume for each job you submit. Research companies before applying to ensure a good fit. Write personalized cover letters to make a strong impression.
Utilize job boards such as LinkedIn, Indeed, and Glassdoor, but also leverage referrals—they frequently lead to quicker responses.
7. Prioritize Your Mental and Physical Health
Searching for a job can be draining, so it’s important to care for yourself during this process.
- Engage in physical activity, practice meditation, or nurture hobbies to alleviate stress.
- Ensure you are getting adequate sleep—rest is vital for your productivity.
- Surround yourself with supportive individuals who inspire and uplift you.
While a layoff can be difficult, it may herald the beginning of something more rewarding. Whether it leads to a career shift, entry into a new field, or an even better position, remaining proactive will enable you to recover swiftly.
Keep in mind: You are not alone and your talents hold value. There will always be companies looking to hire, and the right role is just around the corner. Maintain your confidence, persevere, and embrace the upcoming chapter in your professional journey!
Image Source: Inside Creative House / Shutterstock
