Bounce Back After a Layoff: 9 Key Tips [Video Webinar]

Layoffs are making headlines in 2023, with companies reducing their workforces across many industries. Unexpectedly losing your job is overwhelming, and it can be hard to know what to do after a layoff.

If you’ve been recently laid off or suspect layoffs may be on the horizon at your current company, check out this Premium webinar and Q&A, “Bounce Back After a Layoff: 9 Key Tips,” for layoff advice.

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Our team discusses how to find a job after a layoff and get your career back on track:

Step 1: Read the Fine Print

Your first action after a layoff should be to thoroughly understand your severance package and any outstanding compensation owed to you. This involves reading all documentation provided by your former employer and seeking written confirmation if they only gave details verbally. Don’t forget to inquire about health insurance benefits, consider temporary options like COBRA, and understand when you’ll receive your final paycheck. Additionally, consult your local Department of Labor/unemployment office for guidance on registering for unemployment benefits tailored to your situation.

Step 2: Process Your Emotions

Losing a job is a significant life event that can evoke a range of emotions. While you’re likely focused on how to get a job after a layoff as quickly as possible, it’s important to take the time to process these emotions rather than letting them fester. Establish a healthy outlet, like journaling, joining a support group, or seeking professional mental health support. Managing your emotions will help you maintain a positive mindset as you embark on your job search journey, enabling you to move forward without burning bridges or damaging valuable relationships.

Step 3: Set Job Search Goals

Before diving into your job search, define realistic goals using the SMART method (Specific, Measurable, Achievable, Realistic, and Time-Bound). For instance, these goals could involve applying to a certain number of jobs per week, updating your resume, attending networking events, or engaging in industry-related online discussions. By establishing achievable milestones, you can maintain motivation and a sense of accomplishment throughout your job search.

Step 4: Start Searching

Utilize search engines and company job boards to explore available opportunities. Identify target job titles and create a list of preferred companies. If considering a career change, recognize your transferable skills and leverage tools like iHire’s Career Explorer to research new industries.

Step 5: Update Your Resume

Ensure your resume is current by adding your recent job experience, skills, certifications, and affiliations. Consider using templates from iHire's Resume Builder if you haven’t updated your resume in a while, and don’t mention the layoff in your resume – you can save this topic for the interview.

Step 6: Update Your Social Media Accounts

Many employers google candidates, so make sure you’re presenting a professional image online. Align your online profiles, especially LinkedIn, with your updated resume, and ensure your profile photos aren’t too dated. Regularly engage with your network by making connections, contributing to discussions, and writing blogs.

Step 7: Prepare for Interviews

Refine your interview skills by practicing common questions and formulating concise, positive responses. When addressing the layoff, keep your explanation honest and succinct, focusing on the valuable experience you gained.

Step 8: (Re)Activate Your Network

Attend networking events in person or online and inform your existing contacts about your job search. Be proactive in offering help to others as well, fostering mutually beneficial relationships. Stay connected with former colleagues who were laid off from your previous company, as they might provide job leads or referrals.

Step 9: Learn New Skills

While job hunting, consider enhancing your skills through free or low-cost online courses. Many platforms offer courses from renowned universities, allowing you to expand your knowledge and improve your marketability. Include completed courses on your resume to showcase your commitment to lifelong learning.