Layoffs have been ramping up in recent months due to a stalling economy, company restructurings, and AI taking jobs. Some are speculating about a “white-collar recession”.

Tech companies like Google, Meta, and Amazon have laid off more than 95,000 employees in the last year. Many may feel depressed and insecure in their roles. This Memo is to help you get out of the negative zone and think for the future.

Losing your job can be a stressful and challenging experience. It's important to take proactive steps and set yourself up for success in the future. According to career advisors at Springboard, do these 10 things:

Take a deep breath and try to stay calm

It's important to take a moment to process your emotions before taking action. Losing a job can be emotionally challenging, but try to stay positive and focused on your next steps.

Evaluate your financial situation

Review your budget and expenses to determine how long you can comfortably go without a steady income. Consider seeking financial assistance or speaking with a financial advisor if needed.

File for unemployment benefits

This can provide temporary financial assistance and help bridge the gap between jobs. No stigma, just do it.

Update your resume and LinkedIn profile

Take this opportunity to refresh your professional brand and highlight your skills and experience. You have things that are in demand.

Network, network & network!

Reach out to your professional and personal contacts to let them know you are seeking new opportunities. Attend industry events and conferences to make new connections.

Consider upskilling or reskilling

Assess your skills and consider taking courses or certifications that can enhance your qualifications and make you a more competitive candidate. Aside from this, learning new things is just interesting; it will keep you upbeat and focused.

Explore job opportunities

 Use job search platforms and company websites to identify job openings and apply to positions that match your skills and experience. LinkedIn is a good platform, but there are many spaces unique to your industry.