What's There to Know About Layoffs?

Mass layoffs have everyone on the edge of their seats. Although the economy and employment give signs of stability, hearing companies here and there are still cutting employees makes you think if you should be worried or if we're talking about unique events taken out of proportion.

What's the outlook on 2024 layoffs?

Although many big companies have experienced massive layoffs over the past few years, there is still a lot of nervousness about how many more layoffs we'll see in 2024 and their influence on the job market and economy.

However, some signs indicate the economy is avoiding recession, and unemployment rates are hanging there; specialists divided opinions about the actual effect of 2024 layoffs and whether these obey the specific conditions of each industry or are part of a more significant problem.

Check the impressions of Business Insider, CNBC, and Reuters on the topic to learn about the different angles on the causes and consequences of layoffs.

What to do if you're a layoff survivor

So, your company went through a recent layoff, and you made it through the cut? Most definitely, you have mixed feelings about the situation. On the one hand, you're relieved that you have to keep your job, but you're also anxious about how much your workload will increase or grieving about your coworkers who got laid off.

This mix of feelings is known as layoff survivor guilt or workplace survivor syndrome, and it's becoming a real issue for employees. If you suspect you may be dealing with layoff survivor guilt, here are a few symptoms you should be aware of.

• Drained morale
• Distrust in your managers
• Desire to leave your job

Identifying and addressing these emotions will be the difference between staying engaged in your job and getting burnout. Learn more about how to deal with layoff survivor guilt by checking the following article.

What to do if you get laid off

Arguably, the worst part about layoffs is for all the people who lose their jobs. Losing your job is a punch to the gut that not only hurts your pride and self-esteem but is also an anxiety-triggering situation. But how can you deal with a problem that, most of the time, doesn't have to do with your capability as a professional?

Frustration, anger, sadness, and fear of not finding a job right away are harsh emotions to deal with; nevertheless, it's necessary to face them to overcome the obstacles that getting laid off puts in your way. Start by doing some small but effective actions to get you back on your feet.

• Take some time off
• Organize your budget and expenses
• Plan the next steps of your career path
• Update your resume and portfolio

If you're still dealing with the aftermath of being laid off, check out what else you can do to get back on track and start planning your next career move.

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