Seven ways to prepare if you fear a layoff is coming.

It's no news that tech layoffs took over 2022 headlines. Cost-cutting, staff reduction, relocation, buyouts, and mergers are the most common reasons why employees are laid off.

As much as it can be unsettling, a layoff can also be a sign that it's time to take a big step in your career. These seven preparations can serve as a guideline so a layoff doesn't put you off balance.

Start searching for new opportunities

Apply for new opportunities before you need to. This is a practice that many are adopting in order to maximize their earning potential in today’s market and stay up to date on recruiting practices.

Check out the websites of the best job search engines, job boards, companies, and networking sites. Update your profiles on LinkedIn. You can also consider working with a recruiter to maximize your opportunities.

Update your resume

Take time to write targeted resumes and cover letters that specifically link your qualifications to the hiring criteria for the jobs you are applying for. An outdated resume could give recruiters the wrong impression and you could miss out on potential opportunities. Plus, reflecting on your current career accomplishments can be a practice that improves your confidance.

Save up for the coming months of unemployment

Having a cash cushion significantly helps to reduce stress when a layout is pending. Find ways to save cash such as lowering your energy costs, making a list every time you go shopping at the grocery store, and sticking to the budget. Make sure to plan ahead to prevent any impulse spending.

Ask for emotional support from family and friends

It's very important to have people in your life who understand the situation. Don't hesitate to seek help outside of your family and friends especially if they’ve had a similar experience.

Consider joining a program like SWELL by Rebelle. We have provided support for people changing jobs due to layoff or personal need for a change in their career.

Develop productive hobbies that would keep you engaged

Hobbies flex your creative muscles and allow constant stimulation of your brain and body. This encourages positive thinking and emotions, and is a great way to nurture skills to stand out in today's work environment.

Hobbies are not just recreational activities but soft skills too. Not surprisingly, working on your skills and behavior can help you beat the odds in your personal and professional life.

Continue to build good relationship within the organization

Maintaining your working relationships can help you grow your professional network. It may be that later in your career, you may ask for a reference from past supervisors or coworker that can lead to future opportunities

Continue to invest in yourself

Investing in your own wellbeing is essential to working through the stress of changing jobs. Reading books, avoiding stressful news, eating well, exercise and movement, are all methods of self care that can help in rewiring old habits, improve outlook on life, and open you to a world of endless possibilities. It also increases the courage to step outside your comfort zone.

Don't forget you're an amazing human being deserving of respect and a layoff shouldn’t negatively affect your self worth. You’ve got this.

What To Do To Prepare For A Layoff