TechBridge Inc.

How to Deal With an Unexpected Layoff

TechBridge recruits top developers and places them with the businesses that need their expertise.
Unexpected layoff

Being laid off can be one of the most stressful and frustrating experiences you can go through. Yet, 40% of workers have Been laid off or terminated at least once. Usually, layoff occurs due to a financial crisis within a company, and often, being laid off can be rather unexpected. Although no one would want to find themselves in this situation, It’s important to know how you should deal with an unexpected layoff. Here are a few tips that could help you be prepared should you ever find yourself in this situation.

Keep your emotions in check

Being laid off can be emotionally devastating, especially for those who have never experienced job loss. Initially, you may react with anger, confusion, depression, and anxiety over finding a new job. 48% of workers suffer from layoff anxiety. However, be careful not to let these emotions control you. Take a step back and gain your bearings. Begin preparing yourself to find a new position and understand that everything will be okay.

Begin searching immediately 

Some individuals receive a severance when laid off. They then view the next couple of weeks as a “paid vacation” and procrastinate on searching for a job. If you experience an unexpected layoff, you should immediately begin searching for a new position. You’ll need to update your resume, and decide what it is you’re looking for. Knowing exactly what you want to do and what your qualifications are will aid in a job search. Nevertheless, don’t procrastinate. The quicker you begin searching for a job, the sooner you’ll find the right position. 

Prepare financially

It’s important to be prepared for a crisis, and being laid off can certainly fit into that category. Even if you have no fear of losing your current job, it is important to be prepared. Routinely take a look at your budget. Understand that even if you find a new job right away, you won’t start receiving paychecks right away. On average, it takes 6 weeks to find work after experiencing an unexpected layoff. Being financially prepared for a layoff can help give you peace and security during a difficult time. 

Work with a recruiter

Looking for a new job can be extremely stressful. 63% of workers believe that, if laid off, they will find a new job that’s just as good or better than their current job. However, it isn’t always that easy to find a position, and often that’s why people settle for jobs that are miserable and pay far less than any previous position. Thankfully, there are companies that make it their mission to help pair companies and qualified workers in a quick and efficient manner. If you experience an unexpected layoff, reach out to a recruiter. They are often aware of companies looking for candidates and can point you in the right direction so you can continue working without having to settle for the first job that comes your way. 

How Can TechBridge Help?

Our goal is to bridge the gap between business and employee, matching qualified workers with the companies who need them. If you have any further questions or you’re ready to start the recruiting process, contact us today

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