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Dealing with Downsizing: How to Prepare

Dealing with Downsizing: How to Prepare

    It’s awful to hang around an office where everyone knows that job cuts are coming. There’s a sense that everyone’s just waiting for the shoe to drop. No one in the office wants to lose their job and go through the horrors of the job hunt. At the same time, though, no one wants to be the guy left at the end — the guy now doing the work of the ten other people that used to make up his team.

    There’s a benefit to seeing the writing on the wall, though. You know downsizing is coming, and that will let you plan your next move. If you can opt out of the fear that seems to engulf offices on the edge, why wouldn’t you want to?

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    Decide What You Want

    Your first step has to be deciding what you want. Maybe you really enjoy your job — maybe you’re willing to do the work of as many people as necessary to keep your comfortable job. If that’s the case, it’s worth going to your supervisor and informing them of that fact. In my experience, just informing them is enough. Don’t ask for a way to prove it; don’t try to subtly suggest it. If you’re on the ‘Maybe’ list, though, you’ve probably just tipped yourself on to the ‘Keep’ list.

    But the opposite is equally likely. You could be just punching that time clock. Are you ready to move on? If so, don’t wait for the axe to fall. Start planning your escape: hunt for a new job or plan another first step. As soon as you’re ready to move on, approach your boss about negotiating your last few days. If job cuts have been announced, you can probably negotiate for the full severance package they were going to offer. If the plans to downsize are still very quiet, it’s harder to request a severance package but not impossible. Don’t run out the clock, though. You might be surprised to learn that you’re on the ‘Keep’ list when you already had your bags packed. Worse, you might prevent one of your peers who really wanted to stay from doing so.

    Prepare for the Job Hunt

    Even if you’re hoping to stay on, you need a Plan B. When in doubt, looking for a new job is a pretty solid alternative. I’d recommend it even to the folks who are fairly sure of their job security. Nothing, after all, is certain.

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    Everyone knows the standard routine of the job hunt, of course:

    1. Polish your resume until it gleams.
    2. Send out copies.
    3. Network.
    4. Interview with prospective employers.
    5. Land the job.

    There are a few extra steps worth considering, however. Rather than spending all your time perfecting your resume, why not put together a portfolio? A few excellent samples of your work can go much further in convincing a prospective employer than any college degree. And while portfolios used to be solely the domain of artists, they can provide a boost to a host of other careers as well. Are you a software developer? You can use applications you’ve worked on in your portfolio. Are you a house painter? Take a few pictures of houses you’ve worked on and submit them with your application.

    You can also step outside the box on networking. Rather than asking friends of friends if their companies are hiring, it might be worth it to meet people entirely outside your current network. Try going outside your circle of friends: go to Meetups, join clubs and get out of your normal routine. It will up your odds of finding a new position significantly. Think of it this way: other members of your network are sure to work for the same company that’s planning on laying you off. Your connections may have several people asking them about jobs. Best to step out of that situation, if you can.

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    Or Plan Something Else

    Another job in the same career path may not be your ideal next step. There are other jobs besides putting yourself on the job market: you can start your own business, go back to school or change careers. The transition may not be as easy as a job hunt can be, but it can be very gratifying. Knowing that you have a few more days of pay and perhaps even a severance package to help you make the change, though, can make it a little less scary. You have a buffer to write a business plan or submit grad school applications, so why not take advantage of it?

    Don’t forget that there’s no rule saying that you can’t be writing a business plan while you send out resumes, either. You have an opportunity to steer your career right now, and it’s always easier to do now rather than later.

    Either Way…

    No matter what you are planning for your next big step, there are a few smaller steps to take care of in the mean time that can make the whole process easier.

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    • Arrange for insurance coverage. COBRA may be your best bet if you’ll be changing jobs.
    • Look for some work to fill in the gaps, such as freelance work or temp jobs. Most of us just can’t suddenly be without an income.
    • Warn the significant people in your life that change is coming. Your parents, significant other, etc. are likely to worry if you announce that you no longer have a job. You don’t necessarily have an obligation to stop them from worrying, but telling them that you have a plan can do just that.

    Any other recommendations for handling downsizing? Please add them in the comments!

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    Last Updated on October 16, 2018

    Why Do I Have Bad Luck? 2 Simple Things to Change Your Destiny

    Why Do I Have Bad Luck? 2 Simple Things to Change Your Destiny

    Are you one of those people who are always suffering setbacks? Does little ever seem to go right for you? Do you sometimes feel that the universe is out to get you? Do you wonder:

    Why do I have bad luck? Is bad luck real?

    Let me let you into a secret:

    Your luck is no worse—and no better—than anyone else’s. It just feels that way. Better still, there are two simple things you can do which will reverse your feelings of being unlucky and change your luck.

    1. Stop believing that what happens in your life is down to the vagaries of luck, destiny, supernatural forces, malevolent other people, or anything else outside yourself.

    Psychologists call this “external locus of control.” It’s a kind of fatalism, where people believe that they can do little or nothing personally to change their lives.

    Because of this, they either merely hope for the best, focus on trying to change their luck by various kinds of superstition, or submit passively to whatever comes—while complaining that it doesn’t match their hopes.

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    Most successful people take the opposite view. They have “internal locus of control.” They believe that what happens in their life is nearly all down to them; and that even when chance events occur, what is important is not the event itself, but how you respond to it.

    This makes them pro-active, engaged, ready to try new things, and keen to find the means to change whatever in their lives they don’t like.

    They aren’t fatalistic and they don’t blame bad luck for what isn’t right in their world. They look for a way to make things better.

    Are they luckier than the others? Of course not.

    Luck is random—that’s what chance means—so they are just as likely to suffer setbacks as anyone else.

    What’s different is their response. When things go wrong, they quickly look for ways to put them right. They don’t whine, pity themselves, or complain about “bad luck.” They try to learn from what happened to avoid or correct it next time and get on with living their life as best they can. They have this Motivation Engine, which most people lack, to keep them going.

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    No one is habitually luckier or unluckier than anyone else. It may seem so, over the short term (Random events often come in groups, just as random numbers often lie close together for several instances—which is why gamblers tend to see patterns where none exist).

    When you take a longer perspective, random chance is just . . . random. Yet those who feel that they are less lucky, typically pay far more attention to short-term instances of bad luck, convincing themselves of the correctness of their belief.

    Your locus of control isn’t genetic. You learned it somehow. If it isn’t working for you, change it.

    2. Remember that whatever you pay attention to grows in your mind.

    If you focus on what’s going wrong in your life—especially if you see it as “bad luck” you can do nothing about—it will seem blacker and more malevolent.

    In a short time, you’ll become so convinced that everything is against you that you’ll notice more and more instances where this appears to be true. As a result, you will drown yourself in negative energy and almost certainly stop trying, convinced that nothing you can do will improve your prospects.

    Fatalism feeds on itself until people become passive “victims” of life’s blows. The “losers” in life are those who are convinced they will fail before they start anything; sure that their “bad luck” will ruin any prospects of success.

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    They rarely notice that the true reasons for their failure are ignorance, laziness, lack of skill, lack of forethought, or just plain foolishness—all of which they could do something to correct, if only they would stop blaming other people or “bad luck” for their personal deficiencies.

    Your attention is under your control. Send it where you want it to go. Starve the negative thoughts until they die.

    To improve your fortune and have “good luck”, first decide that what happens is nearly always down to you; then try focusing on what works and what turns out well, not the bad stuff.

    Your “fate” really does depend on the choices that you make. When random events happen, as they always will, do you choose to try to turn them to your advantage or just complain about them?

    If you think you’re “suffering from bad luck”, you can really change things up and start life over. It may even be a lot easier than you thought:

    How to Start Over and Reboot Your Life When It Seems Too Late

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    Thomas Jefferson is said to have used these words:

    “I’m a great believer in luck and I find the harder I work, the more I have of it.”

    Ralph Waldo Emerson said:

    “Shallow men believe in luck. Strong men believe in cause and effect.”

    Your luck, in the end, is pretty much what you choose it to be.

    Featured photo credit: LoboStudio Hamburg via unsplash.com

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