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How To Bounce Back After a Layoff

The battle for talent in the job market quickly gave way to widespread layoffs. Additionally, to bounce back from these layoffs is extremely important. Raising interest rates is one strategy for battling inflation, which forces businesses to lay off workers in order to save money. There will be more downsizing until inflation drops from about 8% to 2%. This could take a year or two, or longer. Because of this, unfortunately, a lot of people will lose their jobs.

Losing a job is difficult. It hurts your confidence, drains your bank account, and if you don’t plan your next move carefully, it might wreck your career. What else can you do to bounce back besides getting back on the saddle and seeking a new job? How do you keep your confidence up? What should you say to potential employers about the layoff? If you are let go by your employer, follow the steps in this post to bounce back stronger.

Related Article: Steps to Take After Layoffs or Being Let Go

5+ Tips to Bounce Back After a Layoff

The most recent trend that appears to be taking over the labor market is downsizing. Yes, it is frightful. Automation-related layoffs and a shortage of skills are a common occurrence across industries. It can be difficult and upsetting to lose one’s work. Furthermore, it poses a risk to one’s mental well-being and sense of worth. This terrible and extremely stressful issue cannot be solved quickly, and recovering from it takes time. Because of that, we have put together some pointers to help you bounce back:

1. Don’t rush job searching 
It’s normal to begin considering looking for a new job right away, but you should allow yourself some time. A career strategist in the UK claims that this first stage is for rehabilitation and that it’s a good idea to give yourself some time to unwind and do the following: 

  • Let the reality of the layoff situation sink in
  • What are you seeking in your next opportunity? 
  • Work on any necessary skill sets beneficial to your job quest
  • Start a part-time job or a freelance business 
  • Update your resume and cover letter

2. Emphasize skills on your resume
The recruiting manager typically sees your resume before taking your interview. Because of that, your resume should prominently display your talents, specific abilities, professional accomplishments, and any other credentials you may have earned. It’s a good idea to create a thorough, tailored resume because it can highlight certain talents applicable to each job you apply for.

Related Article: Writing a Cover Letter Post Layoff – Tips & Samples

3. Utilize your social networks 
Today’s business environment places a premium on networking. It’s normal to feel frustrated after layoffs, but it’s crucial to gather courage and drive yourself to recover swiftly. Inform your friends and coworkers that you are searching for a good opportunity. Furthermore, contact the HR and recruiters at any businesses you might be interested in working for.

4. Request for recommendations 
Never be afraid to ask your coworkers and, in particular, your immediate bosses for recommendations in the form of letters, emails, etc. Your bosses will typically be happy to highlight your abilities and discuss your primary areas of expertise if the reason for your layoff is not due to subpar work performance.

5. Discover possibilities and pick up new skills 
Think of your layoff as a chance to switch career paths. You may start a consulting business or start freelancing with modest tasks to keep yourself occupied while also honing your talents. Additionally, you could even become an entrepreneur and use your technical and operational expertise to build into a profitable business.

6. Prepare a positive response to your layoff
Be ready to respond honestly and positively. Describe your love for your previous positions and responsibilities, the restructuring of your previous company, or the management changes that further led to operational shifts and the chance to explore for other opportunities.

7. Be receptive to different career opportunities 
Be receptive to various fields and jobs. Different sectors can use your skills. Make a list of your assets and liabilities, then consider how you may use them. You may show off your skills in front of recruiters if you are confident. Additionally, they will be impressed by what you can accomplish and the potential changes you can make.

Related Article: How to Deal With Losing Job or Unemployment – Steps to Take

Conclusion

There’s a big probability that you don’t know what to do next if you are just let go by your employer. Even while it could seem like a setback, this is the ideal time to shift your perspective and see it as a fresh, new chance. Create a job search strategy when preparing to pick up the pieces and carry on with your life. It should outline all the tasks you must complete while looking for work and don’t forget to specify due dates. You will be shocked by how far you have truly come on days when you are feeling sad. You might one day be grateful to your previous employer for letting you go. Moreover, many people recover and land better jobs.

Related Article: Getting Laid Off: What to Do & What it Means?

FAQs

1. How to bounce back after a layoff?

  • Reorient your thinking
  • Organize yourself
  • Allocate some time for yourself
  • Evaluate again
  • Refresh your resume
  • Interact with a recruiter
  • Be cheerful and open-minded in your approach

2. What are the top three things to do after layoffs? 

  • Make an unemployment claim
  • Refresh your resume
  • Search for other work or think about changing careers

3. Is it favorable to mention layoffs affected you? 
There is no need to lie because you were laid off rather than fired. If a recruiter or hiring manager inquires about your reason for leaving the organization, try approaching the situation as follows, “Unexpected layoffs recently affected approximately (insert percentage here) of my organization, and regrettably I was one of the affected employees because of the same”.

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One Comment

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