A record number of people were laid off in 2023.
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In 2023, many professionals experienced difficult times at work. The planned deep job cuts amount to 89,703 jobs, an increase of 15% since February. From the beginning of this year to date, job losses amounted to 270,416, a significant increase of 396% compared to the same period last year.
About 1,450 people working in the U.S. technology sector lost their jobs, according to a Crunchbase News tally. If that's not enough, according to Layoffs.fyi, in 2023, 1,157 technology companies will lay off 257,778 employees. If you've recently experienced unemployment, know that you're not alone. Many people face similar challenges. Here are his five practical tips for getting through tough times and getting back on your feet.
1) Stop and understand
Experiencing a layoff is tough and can cause a lot of stress on you and your loved ones. Research shows that being fired is the seventh most stressful experience in life. Instead of feeling stressed, think of your layoff as a chance to start over in a new place with different opportunities and challenges.
The first step to recalibrating your professional path is to take a short break. Given the increasing number of layoffs, it's important to strategize your next move. By taking this pause, you increase your chances of discovering new opportunities in the coming months. Use this time to think about your skills, strengths, and job market. This will help you plan your next move wisely.
2) Invest time in skill development
The job market is rapidly evolving and continuous skill development is important. Spend time strengthening or learning new skills. Online courses are a great way to get started, offering a flexible and accessible way to grow your abilities.
Investing in yourself in this way will make you even more capable, and companies will be more likely to take notice of your efforts when hiring. The goal is for companies to be reluctant to hire you because of your valuable skills.
3) Create an attractive personal brand
Today, making your presence known online is like having a secret job hunting weapon. It's a powerful tool to make you stand out. What is your mission? Create a personal brand that highlights what's special about you: your skills and what you're good at. Start by updating your resume or resume and include all of your most recent accomplishments.
Go ahead and learn your skills online. Use social media like LinkedIn to create a consistent and realistic online image. Share your professional journey, talk about what you know, and connect with others. When your personal brand works well and stays the same everywhere, it becomes a story that tells employers why you're great.
4) Build strong professional connections
When promoting yourself after a layoff, it's not just about how you present yourself, but also about the people you interact with. Reach out to people in your industry, including colleagues, mentors, and friends from previous jobs. Stay connected by checking in regularly and engaging in professional conversations. This can open the door to valuable mentorship, career advice, and even potential employment opportunities.
Additionally, expand your connections by attending online events, joining communities, and participating in networking activities. Remember, your network could be the key to getting your dream job back. Therefore, use it wisely. These can provide valuable insights and even help you find new opportunities.
5) Be consistent in your job search
Looking for a job after being laid off can be difficult and downright frustrating. But here are some quick tips to keep moving forward: That is, every day he promises to perform at least one job search task. This small but consistent effort can make a big difference.
Your daily tasks may include updating your resume or online profile, applying for a specific job, creating a new profile on a job search website, or talking to a mentor. The important thing is to continue to participate in the job search process on a regular basis.
In addition to considering traditional employment, consider other options such as freelance work, contract positions, or even starting your own small business. These options can open new doors and provide valuable experience during the job search process.
As we move deeper into 2024, job seekers are preparing for more challenges. A recent study by ResumeBuilder.com revealed that 38% of large companies expect to reduce staff in the next year. Alarmingly, Randstad RiseSmart reports that 96% of organizations have already made cuts within the past 12 months, and 92% plan to make them again in the next year. Uncertainty surrounding job losses continues, with many wondering when this cycle will end.
At times like these, the strategies shared in this guide can be a lifeline for people surviving layoffs. The road ahead may be uncertain, but remember that your ability to adapt and follow these effective tips can make a big difference as you face the challenges ahead.
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