Tuesday, April 14, 2020
Layoff Fears Money, Mistakes, Fear of the Unknown
Layoff Fears Money, Mistakes, Fear of the Unknown Two years ago, I lost a job I didnât love. I immediately felt relieved. Not only did the thought of going into that office every day keep me up at night, but my wife and I had a decent amount of money saved up. And on top of that, I got a bigger-than-expected severance. So when the time came to part ways, it felt like everything would actually be OK. However, a couple of months into my job search, I realized that being let go isnât just hard for financial reasons (although it definitely can be), but it also had a larger emotional impact on me than I thought it would. So if youâre in the same boatâ"or are worried you might be soonâ"here are a few things youâll probably experience. 1. The Fear of the Unknown Is Very Real I quickly lost count of how many times Iâd wake up and say to myself, âNot knowing is the worst. Why wonât anyone just tell me whatâs next?â The truth is that no matter how much cash you have saved up, youâll still want the job search to go as quickly as possible. In my case, I wouldâve given someone all my money if that person could tell me the exact date on which Iâd start my next role. While there isnât a silver bullet solution to putting those fears to rest, do your best not to keep these feelings to yourself (like I did for a very, very long time). Find someone you trust and lay it all out there. It might be uncomfortable, but even if a confidante doesnât have any remedies, youâll be able to move on much faster if you confront whatâs stressing you out. Read More: 5 Negotiation Tips for People Who Hate Confrontation 2. Youâll Wonder if You Were Good Enough at Your Last Job In those first few weeks of being unemployed, I tried to pinpoint the times when Iâd dropped the ball at work. And when I found a few examples, I couldnât think about anything else. âIf I hadnât messed those few things up, I might not be in this position,â Iâd say to myself. âBut maybe I messed them up because I just wasnât smart enough for the job.â If youâre saying similar things to yourself right now, I have a lot of empathy for what youâre going through. Iâd also encourage you to jot down a quick list of accomplishments and focus your energy on those instead. Everyone makes mistakes, and although weâd all like to hit the rewind button and undo them, itâs just not possible. So, take a deep breath and have a little compassion for yourself. Your recent layoff doesnât change the fact that youâve done some pretty awesome things in your career so far. Read More: 5 Salary Negotiation Tricks to Raise the Offer 3. You Will Still Obsess Over Whatâs in Your Bank Account OK, so we werenât billionaires when I got laid off. My wife and I cut back on a lot of things to maximize what we had, and even though we were pretty thorough about the whole thing, I couldnât help but stare at our bank account to make sure weâd be able to afford groceries next month. In fact, I was pretty obsessive over it to the point where it kept me from staying on top of my job search. Donât let that happen to you. Instead, find ways to shore up that accountâ"such as analyzing your budget and making cuts. Or, taking on a side gig. In my case, I took a temp job folding boxes for a few days to make up for some unexpected bills. Read More: 25 Pearls of Wisdom From Former US Presidents Be creative and flexibleâ"soon enough youâll land a new position thatâll allow you to make more room in your budget again. Getting laid off can stink. And while many people who arenât in that boat assume that the stress comes from financesâ"thatâs not always the case. Yes, paying bills when youâre not working can be very (very!) stressful, but so is not knowing what your next career move will be. So if youâre currently freaking out a little bit, take it easy on yourself and know that your reactionâs completely normal. This article originally appeared on The Muse.
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