Becoming Prepared for a Layoff

While working in a corporation, there are several variables on which you must focus. Apart from focusing on carrying out your job path successfully, one of the many things that is unpleasant to even consider is being prepared for a layoff. Layoffs refer to the loss of your employment as a result of a corporate decision or restructuring. This may or may not have anything to do with your work performance. Layoffs are challenging to deal with, especially as they come as a shock. As a result, in this YouTube video on the Harvard Business Review channel, Christine Liu, Innovation editor at HBR, offers some advice on preparing for a layoff.

Becoming prepared for a layoff

The video begins by emphasizing how unusual it is these days to be committed to an organization and have that organization remain true to you. As a result, people must take care of their own professional lives. The first step mentioned in the video to be prepared for a layoff is to keep your resume and LinkedIn up to date so that you do not have to go through the difficult process of rebuilding it right after a layoff. Second, it is advised to maintain a strong network. According to the video, it is a powerful network that can help you find a new job if you are unable to locate one promptly after being laid off. A solid network not only helps you find a new job but also emotionally supports you. Another important suggestion mentioned in the video is to back up all of your documents and contacts since most individuals do not realize that the day they are notified that they are being laid off may be their last day at work. If they do not back up their computers, they may have their machines confiscated and lose all of their papers and contacts. Finally, the video advises taking stock of your money, as getting laid off may entail having to deal with unemployment for some time after being laid off.

If you are laid off unexpectedly, it will be quite tough to deal with the situation since it will cause a great deal of uncertainty and anxiety. As a result, it is advisable to be prepared for a layoff, a few tips to which are given above.