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6 ways to rebound from being laid off from work

叠测听Kara Dennison, SPHR

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Jessica Roper, MBA, Director of Career Services

Reviewed by Jessica Roper, MBA, Director of Career Services

At a glance

This article was updated on December 5, 2023.

It's been a tough few years when it comes to career certainty, and if you're worried about joining the ranks of the laid-off, you're not alone.

Losing your job is hard enough. There鈥檚 the stress of paying the bills and the emotional tug of feeling expendable. But there鈥檚 also the job search process.听Successfully navigating the job market听requires skills and strategies that don鈥檛 always come naturally, and when you鈥檙e navigating with a level of fear, it can make the next step in front of you even harder to find.

But it鈥檚 not impossible. If you鈥檙e an employee who has been laid off or are just worried you鈥檙e about to be, take a deep breath. Here鈥檚 what to do next.

Elevate your job search with our free resources and tools.

Step 1: Keep a cool head and read the fine print

Getting laid off can be a very emotional time. However, many employers will offer听severance pay听or a limited continuation of your pay when terminating your employment.

You may feel relieved to get any continuation of pay, but take the time allotted to you to听review your contract听so you can read the fine print. (Also, don鈥檛 forget that severance pay is taxable. Plan ahead!)

During the termination meeting, take notes, ask questions and don鈥檛 sign anything immediately. Give yourself time to think through the next few months and arrive at the answers to these critical questions:

  • Does the severance package reflect and respect your time committed to the company?
  • What other employee benefits are included with the severance? Sometimes this may include a release from a nondisclosure agreement, continued health benefits or outplacement services.

If you think a layoff is coming, review your company鈥檚 policies now to be prepared with the right questions and information should the worst happen.

Step 2: Get on the unemployment train

The next step is to get unemployment help by听filing for unemployment benefits. These benefits can provide temporary financial assistance after your layoff while you hunt for your next gig.

Check out your state鈥檚 unemployment agency or the听听to get started.听Eligibility requirements听vary by state and are based on factors of your layoff such as the reason for separation and wages earned.

While you鈥檙e at it, review your听, commonly referred to as COBRA. If you were given a severance, continuation coverage may be something you can negotiate into the package. If not, check to see if you are able to maintain employee health benefits for a limited time. Or, check out the听听to explore your eligibility for special enrollment periods that may be available.

Step 3: Work that budget

Being laid off is stressful, especially if you鈥檙e worried about money. Evaluate your听income, expenses and savings听to create a plan that will help you stay afloat during your hunt for employment. Don鈥檛 forget to include recurring expenses like mortgage or rent, utilities and gas. Consider cutting back on non-essential expenses, including any superfluous subscriptions, to help make your money stretch for as long as possible.

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Explore local resources, such as food banks or听rental assistance programs, to stretch your budget. These resources exist for this exact reason, so let them help support you during tough times!

Additionally, consider getting in touch with听creditors, utility providers, gym memberships, and even internet and cable companies听to ask for discounts or promotions, even for just a month or two.

Step 4: Brush off your job search tools

It鈥檚 time to look for new employment. Here鈥檚 how to set yourself up for success.

搁别蝉耻尘茅

Spend some time reflecting on the projects and results you鈥檝e accomplished throughout your听career and start updating that resum茅. Make sure your resum茅听highlights your accomplishments and achievements听so hiring managers and recruiters can quickly and easily see your impact and value.

LinkedIn庐听profile

Optimize your LinkedIn profile听to ensure better visibility to potential employers. Make sure:

  • Your profile photo is a听clear and professional headshot.
  • Your headlines speak to what you鈥檙e going after in your next step.
  • Your resum茅鈥檚 bullet points are in the听Experience听section of your profile.

Becoming active on LinkedIn will help you connect to hiring managers and recruiters, so consider logging in regularly and听targeting ideal decision-makers and employers.

Interview skills

While seeking employment, make sure to prepare for your interviews.听Research听the company and position you鈥檙e applying for and practice answering interview questions out loud. Be ready to talk about your work history, employee accomplishments and gather questions of your own.

If asked, be prepared to talk about your layoff. Never speak poorly about your previous employer but be ready to address the situation and why you are a good fit for this new organization. Consider seeking the advice of a professional resum茅 writer or career coach to help you prepare for these conversations and ensure that your resum茅 and LinkedIn profile are as strong as possible.

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Step 5: Network like a boss

Networking is key to any successful job search. Reach out to your听contacts and colleagues听to let them know you鈥檙e looking for work. Also, create connections with industry professionals through social media, especially LinkedIn. Building strong relationships with other employees in your industry can help you find job opportunities. In fact,听听than website applicants, according to Zippia.com.

In my own consulting work, I have found time and time again that workers are nervous to network but eager to help. Now is the time to get out there and听ask for help! When you鈥檙e gainfully employed, you can return the karmic favor.

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Step 6: Look at your layoff as an opportunity

It can be hard to find the silver lining in a layoff, but consider this: If you鈥檝e ever dreamed about a听career change, now is the time!

Perhaps you could expand your job search to related fields or positions you overlooked in the past. Use online job search engines, attend job fairs and network with other workers in your field or different fields that appeal to you to increase your chances of finding a new position.

Perhaps the most important aspect of the transition from unemployment to employment is your听mindset. It鈥檚 important to stay positive and optimistic in the face of the stress and uncertainty that come with a layoff. Wherever you ultimately end up next, you can take this time to explore new career paths and discover how capable you truly are.

How to prepare for a layoff

While it鈥檚 impossible to predict if or when a layoff might occur, you can take proactive steps to protect yourself.

Stock your emergency fund

Consider cutting non-essential expenses and building an emergency fund. Ideally, you鈥檇 build up enough cash to cover听three to six months of your monthly budget听in case something happens. And if something does happen, removing financial stress from the equation lets you hit the ground running on your job search.

Keep your skills up to date

The job market is constantly evolving, so it鈥檚 important to keep your skills up to date.听Take courses听or attend听training sessions听to learn new skills or enhance your existing ones. This makes you a more valuable employee or a more attractive candidate to a hiring manager. Also, knowledge is power: Equip and market yourself as the听expert you are!

Keep your network fresh

Most employees are willing to network for a new job but are hard-pressed to find the time during their busy workweek. Try听setting aside time each week or month听to network anyway. You can even create a recurring appointment in your calendar to keep you accountable.

By staying active in your networking game, reaching out to industry leaders and growing your presence on LinkedIn, you will be well positioned if the day does come that you鈥檙e let go.

Keep your kudos folder full

After writing thousands of resum茅s, I can tell you it鈥檚 surprising just how many workers forget the great things they鈥檝e听accomplished throughout their careers. To counteract this, I highly recommend keeping a 鈥渒udos folder鈥 on your personal email, Dropbox or Google Drive. This file should store notes on all the听incredible projects听you鈥檝e completed,听accolades听you鈥檝e received and accomplishments you鈥檝e nailed. Having a working list will not only help you in updating your resum茅 but also in driving your confidence and successfully sharing your achievements during interviews.

Getting laid off is never fun, but it鈥檚 also part of a lot of people鈥檚 careers. Remember: Prepare for the worst, hope for the best and stay focused when it鈥檚 time to change jobs.

Career resources at 爱污传媒

Don鈥檛 embark on your career journey alone! 爱污传媒 equips its students and graduates with the following resources to help them on their professional paths.

  • Career Services for Life: Available to UOPX students and graduates, this offering comprises complimentary career coaching, including guidance on how to build a personal brand and write a resum茅.
  • Free career resources:听Browse a range of downloadable guides and templates to help you optimize your LinkedIn听profile, get ready for a job interview and write a resum茅 and cover letter.
  • :听Get career insights every week via UOPX鈥檚 LinkedIn newsletter.
Portrait of Kara Dennison

ABOUT THE AUTHOR

Kara Dennison is a certified Senior Professional in Human Resources (SPHR), an executive career and leadership coach, and a Forbes contributor. She鈥檚 the CEO of Optimized Career Solutions. Her dream job is helping high achievers and leaders live authentic lives, starting with their careers. When she鈥檚 not writing for 爱污传媒 or coaching high achievers and leaders, you can find her hanging out with her husband and two black cats or swinging in the hammock out back in her small, remote town in Tennessee.

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