Job loss is rarely a total surprise. There are usually early signs like a merger or the announcement of a cost-cutting program. With this information, you can prepare for a possible layoff.
Decide if you really want to keep your job
This is not a rhetorical question. You may be fully vested and sick of the trip. A fabulous severance package could be attractive. Or on the contrary, you like or need the job.
Take action based on your decision
If you want to keep your job, double down on your efforts at work, volunteer for more, and chat as much as possible. If you like being on the laid-off list, work as usual and tell people you’re ready to go; You could get your wish
Try to keep your fear in check
It is only a probability that you will lose your job, not a certainty. Think of the many people who benefited after the job loss. Do not panic.
Get clarity on what activities you would do after losing your job in addition to your job search
Don’t focus on what you could lose, but instead focus on what you could gain: valuable time. Get some dreaming, whether it’s spending quality time with your family or a “once-in-a-lifetime” vacation. Yes, eventually you will have to look for work, but maybe you can take a month off sooner.
Stay healthy and improve your health
Getting some exercise is always good, especially in times of stress and anxiety. If a layoff could mean the loss of valuable health care benefits, now might be the time to take care of some unresolved health issues.
Simplify your life
Reduce clutter in your life. Recycle papers, donate clothes to charities, sell unused electronics, and maybe downsize your home. The more things you can handle now, the less luggage you will have to carry after dismissal.
Take control of your finances
Make a tally of your assets, debts, expected compensation, unemployment, and other income. Where are you now and in 12 months?
Understand your company’s timeline
When will the decisions be announced? Maybe you have a good connection with HR or your manager and they can give you a hint.
take it easy
You did everything you could potentially do. You are well prepared for what may happen.