You’ve been laid off. What steps should you take to get back on your feet?

1 Assess your situation

The first thing you need to do after a layoff is to assess your situation realistically and calmly. How much money do you have in your savings, emergency fund, or severance package? How long can you cover your essential expenses, such as rent, mortgage, utilities, food, and health insurance? Do you have any debts or loans that you need to pay off or renegotiate? Do you have any other sources of income, such as a spouse, a side hustle, or unemployment benefits? Make a budget and a plan to stretch your resources as much as possible.

2 Update your resume and network

The next thing you need to do after a layoff is to update your resume and network. Your resume should highlight your skills, achievements, and qualifications that are relevant to the jobs you are targeting. Use keywords, action verbs, and quantifiable results to showcase your value. Your network should include your former colleagues, managers, mentors, clients, vendors, and anyone else who can offer you support, advice, referrals, or opportunities. Reach out to them and let them know that you are looking for a new job. Be polite, professional, and positive. Don't badmouth your previous employer or complain about your situation. Instead, focus on your strengths and goals.

3 Explore your options

The third thing you need to do after a layoff is to explore your options. Don't limit yourself to the same industry, role, or location that you had before. Be open to new possibilities and opportunities. You may find a better fit, a higher salary, or a more satisfying career path. You may also consider changing careers, starting your own business, or going back to school. Do some research and self-assessment to find out what you are passionate about, what you are good at, and what the market needs. You may also seek guidance from a career coach, a mentor, or a professional association.

4 Keep learning and growing

The fourth thing you need to do after a layoff is to keep learning and growing. Don't let your skills and knowledge become outdated or rusty. Take advantage of the free or low-cost online courses, webinars, podcasts, books, and blogs that can help you learn new things, improve your existing skills, or acquire new certifications. You can also volunteer, join a project, or start a hobby that can showcase your talents and abilities. Keeping yourself busy and productive will not only boost your resume and network, but also your confidence and motivation.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?