The job market and the economy can be tough. However, people today feel more confident, they freely switch roles to earn more money, work remotely, or demand better treatment from their superiors. The situation for many people, especially in the technology sector, has changed dramatically.
According to Crunchbase, more than 17,000 tech workers have been laid off in the US in massive downsizing this year.
Take your time to accept losing a job
A job loss is a stressful and worrying event. For the thousands affected by job losses, canceled offers, or those worried about receiving a layoff letter, this time can be shocking. It’s especially scary when layoffs seem to be concentrated in your field. If companies in the same industry simultaneously freeze hiring, there are fewer jobs available and more people compete for valuable job opportunities.
White collar professionals tend to associate their identity with the job they do. They experience a sense of prestige and self-esteem by working for a reputable company, in their brand image. Job loss can lead to mental health problems. Before embarking on your job search, give yourself time to decompress, process what happened, and grieve over the loss. It is understandable to temporarily feel anger, resentment, and self-pity.
You will soon feel pressured to start your job search right away. The problem is that you are interviewing at a time when you are not at your best. Losing a job destroys your self-esteem and self-confidence. When you have a safe and secure job, it is easier to interview than if you are in between roles. With the job, you can miss the interview and don’t have to worry or take it too seriously because you always have a job to find. For those who are pushed into unemployment, there is no safety net. If you go to interviews and don’t get any feedback, get rejected and don’t eventually get offered the job, the stress builds up.
Don’t get caught up in a treadmill
Constant rejection can cause a chain reaction. You were not selected for a second interview, so you began to doubt yourself. Time passes and no date is set on your agenda. When you finally get a maintenance order, your heart starts beating faster and you feel anxious. There is tremendous pressure to pass the interview. It’s so hard to show your best self in an interview when you’re experiencing feelings of inferiority, stress, unresolved anger, and resentment at your choice to downsize.
These feelings are difficult to suppress during the hiring process. Technology is not an actor and cannot outsmart the charm when driving, especially when you feel like your life is crumbling around you.
Some well-paid professionals tend to spend more than they earn, relying on future earnings and future stock option earnings. This creates another set of problems. Not only do you need a job, but you desperately need a stable salary to meet all your financial obligations, including paying off college debts, mortgage, rent and any other bills. The fact that rapid inflation leads to a higher cost of everything does not help. The financial aspect adds another layer of anxiety.
Make time to find a new job
Finding a job is now your new profession. Start by updating your resume and improving your LinkedIn profile. As LinkedIn is the preferred site for job seekers, you will need to actively participate on the platform.
Connect with former classmates, former students, friends, acquaintances, and others who can offer you jobs and introductions. Position yourself as a thought leader in your field. Find people in your field. Like and comment on their posts to get people’s attention. Write your own posts or create short videos to stand out from the crowd. These actions will help you get noticed by hiring managers, recruiters, and HR staff who are looking for talent.
Find recruiters in your area and set up meetings with them. Attend networking events in your area. Bring Elevator pitch. It’s a 30-second to one-minute brief that briefly outlines your skills, experience, education, and other reasons why you are a good fit for the job. The stadium is not just for the interview. It is useful when you are interacting with people and want to tell them about the situation. By saving the story, you’ll look excited, energetic, and motivated whenever you can ask someone to point you to business opportunities.
Layoffs are common, but people don’t usually talk about them much. It makes you feel like it’s just happening to you. In a social setting, when the topic of your condition comes up, be upfront about what’s going on. There is no reason to feel embarrassed.
Prepare for your future interviews
Prepare to endure a lengthy interview process, while dealing with a range of powerful emotions. Ups and downs can worsen your mental health. Besides feeling a loss of identity, I have also lost work friends. The daily routine of life is turned upside down.
With the worry of finding a job and the need to earn money, you may not perform your best at the interview. HR professionals, hiring managers, and other people you interview will capture your feedback. They will feel the underlying tension and frustration. Since the feeling of humiliation is still new, it is likely that you will inadvertently insult your ex-boss and your company. Since there are other candidates available, the examinee may not consider your application and move on to the next person.
To counter this problem, role-play with a professional coach or trusted friend who is honest with you. Ask this person for their opinion and constructive criticism. practice “elevator pitch” And research the most common interview questions to prepare. Make sure you fully understand the job description. Research the company and the people you’re interviewing, as they usually ask “what do you know about the job and the company”. It will take some time, but you will start to feel better and continually improve your interview skills.
Do a retrospective analysis
As distressing as it may be, perform an autopsy to reflect on what happened. Be honest with yourself. Evaluate whether you should have done anything differently. It’s not about blaming the victim, it’s about making sure the same negative actions aren’t repeated.
Take advantage of this period to re-evaluate your career. You may have the wrong job, company or profession. The pandemic has opened people’s eyes to the fact that life is short and that you owe it to yourself to find a job and career that offers meaning, purpose, achievement, management appreciation, and the compensation you deserve. You might have the revelation that you weren’t really happy in your chosen profession.
Take care of your mental health and well-being
It is important to maintain a positive attitude. Avoid things that may make you feel better temporarily, but are bad for your health in the long run. This means avoiding overeating, excessive alcohol consumption, or overuse of illegal drugs or substances. Instead of withdrawing from society because you feel different, keep your connections. If you feel that your mental health is deteriorating, seek professional help. Adopt a fitness program to keep you occupied during your downtime and stay healthy.
Focus on leaving
Not only are you fired, but you also have to deal with paperwork. Carefully read the termination package and any other documents the company provides you with. If you have options or a complex compensation structure, you can hire an employment attorney.
During an exit interview, don’t talk to your boss or co-workers, even if you don’t agree with them. You will need positive references for your next position. Welcome them all and get their contact details. Stay in touch, as they can help you find potential clients and contacts.
You will eventually find a new job. It can take a week or six months. Sometimes you get lucky and you are in the right place at the right time. Other times it takes a while to find the bug. Stay focused, be strong, maintain a positive attitude, keep striving and make connections every day. You will feel great when you finally get a new job. You can even look back one day and say, “I’m so glad it happened. I’ve now found a job that I love, with people I love working with, and a bright future ahead of me!”
Article translated from the American Forbes magazine – author: Jack Kelly
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