#BestofFSCBlog : Over 6K Reads. Layoffs Aren’t The End Of The World. Here’s How To Land Your Next Gig. GReat REad for All!

Companies and their constellations of managers, employees, investors, and boards love the word “growth.”  Growth means the expansion and more funding. It means hiring up and scaling output. It leads to fun office perks and big bonuses. It signals success, and which company doesn’t want to brag about that?

We’re now seeing that the overambitious growth at startups and established tech giants alike — MicrosoftMSFT +0.8%, GoogleGOOG +0.2%, AmazonAMZN +0.5%, and Meta — has a human toll.

“Successfully managing any professional transition involves first reflecting on where things stand in your career, then taking concrete action to make your professional ambitions a reality.”

This hiring-and-firing dynamic has ensnared 160,000 workers who were laid off from tech companies last year and an estimated 46,000 more workers who received their digital pink slips via Zoom, Slack and email this month.

Job cuts show no sign of slowing down as companies navigate a combination of high-interest rates, diminished profits, a pullback in investments and a lagging economy. So we’ve compiled expert advice from our contributors on how to burnish your resume, hone your soft skills and land a new job quickly.

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Highlight Soft Skills

Despite the sustained gloomy outlook, tech workers can still leverage both hard and soft skills, writes Future of Work expert Sarah Doody. “Regardless of your role at a tech company, your skills and expertise are valuable and can transfer to many other industries,” she writes. “Just because your last job was at a tech company, that doesn’t mean you can’t get hired in another sector, and maybe even with a salary increase.”

Skills such as communication, critical thinking, problem solving, team work and work ethic should not be overlooked — “they can often be the difference between you receiving job interviews and offers or not,” Doody writes.

Offering actionable advice on how to highlight these skills, she says to start first with asking colleagues and close friends for feedback.

Sell Yourself Even If It’s Hard

Selling yourself might not come naturally, but it’s a necessary part of landing a new job, Doody writes. Instead of repeating that famous mantra, “always be closing,” better to think of how to “always be connecting,” she advises.

“If marketing is about ensuring people know about you and what you have to offer you, then sales is about ensuring they connect the dots and see enough value in the product or service to actually buy it,” she writes.

Look For The Silver Linings

Layoffs could be a boon for non-tech companies looking for skilled tech workers, writes Leadership Strategy expert Gleb Tsipursky. These companies “can gain a competitive advantage by offering a positive company culture and opportunities for career growth,” he writes. “This can help attract top talent who may be looking for a more stable and secure work environment.”

While Leadership Strategy expert Caterina Bulgarella warned of the real costs of layoffs to the workers left still standing, Tsipursky says companies can use the shake-up as an opportunity to reevaluate culture and values.

After a tech company went through a recent round of layoffs, it “led to a more positive and productive work environment for the remaining team members, which in turn led to an increase in employee retention,” he writes in his latest post.

Make Your Next Move

Laid off or not, regardless of industry or position or title, employees’ careers will always undergo transitions and changes, writes Careers contributor Joseph Liu. It always helps to take a breath, slow down and assess.

“Regardless of the cause, transitions often open up a mix of personal and practical challenges that range from clarifying exactly what’s next to rewriting your cover letter and resume,” he notes.

Forbes.com | January 26, 2023 | Corinne Lestch