5 Things To Do If You Worried About Losing Your Job

Maybe you’ve seen the writing on the wall…

Maybe you’ve heard rumors floating around the office…

Maybe you’ve been privy to a conversation that has you worried…

There are countless reasons why you might feel uneasy at work. Whether it's due to company changes, potential layoffs, or personal job security concerns, these feelings can quickly spiral into overwhelming anxiety. But before you panic, take a deep breath and consider these five action items to help you regain control and navigate the situation with clarity.

Action Item #1: Do an Inventory

Take a moment to assess your current role. Reflect on your responsibilities, your job satisfaction, and your long-term career goals. Ask yourself:

• Do I enjoy what I do?
• Are there aspects of my job that I excel in or find particularly fulfilling?
• Are there skills I need to develop to improve my performance or pivot to a new role?

This self-assessment can help you identify areas where you can grow or make a change. Understanding your strengths and weaknesses will empower you to make informed decisions, rather than reacting out of fear. If this situation does lead to a job search, you’ll have a clearer sense of what you’re looking for and where you’d like to head next.

Action Item #2: Get a Clear Understanding of Your Financial Situation

Financial security is often the biggest concern when job uncertainty looms. Take stock of your financial health:

• Review your monthly budget and identify areas where you can reduce expenses temporarily.
• Assess your savings, including emergency funds. If these are lacking, consider ways to boost them now, whether through side gigs, selling unused items, or adjusting your spending.
• If you're in debt, create a plan to manage or reduce it, which will give you more flexibility and peace of mind.

Having a clear picture of your finances will help you feel more secure and prepared for whatever comes next. You might also explore unemployment benefits or other financial support programs to understand what assistance might be available if needed.

Action Item #3: Warm Up Your Network

In times of uncertainty, your professional network can be a lifeline. Now is the time to reconnect with old colleagues, mentors, and industry contacts. Start with small gestures:

• Send a friendly message to check in with people you haven't spoken to in a while.
• Attend industry events or webinars to meet new contacts and keep your name out there.
• Use LinkedIn to engage with posts, share industry insights, and stay active in professional groups.

The goal here isn’t just to ask for help but to build genuine, mutually beneficial relationships. If the worst does happen and you need to search for a new job, having a warm, supportive network will make the process much smoother.

Action Item #4: Get Your Branding Documents in Order

Your resume, LinkedIn profile, portfolio, and other branding materials should reflect your most recent accomplishments and skills. Now is the time to:

• Update your resume with your latest projects, skills, and achievements.
• Optimize your LinkedIn profile by ensuring it highlights your current role, includes a professional photo, and has a compelling summary that tells your career story.
• If applicable, refresh your portfolio or any other personal branding materials.

Being proactive about your professional image not only prepares you for a potential job search but also boosts your confidence. Knowing that you're ready for anything can alleviate some of the anxiety you're feeling.

Action Item #5: Try to Stay Calm

This might be the hardest advice to follow, but it’s crucial. Anxiety and panic can cloud your judgment, leading to poor decisions that might harm your future prospects. Remember:

• It’s normal to feel anxious about job security, but panic won’t solve the problem.
• Focus on what you can control—your actions, your preparedness, and your mindset.
• Practice mindfulness or stress-relief techniques such as meditation, exercise, or deep breathing exercises to help manage your anxiety.

If you do find yourself in a layoff situation, remind yourself that it’s not the end of your career. Many people who face layoffs go on to find new opportunities that are better suited to their skills and passions. With preparation and the right mindset, you can navigate this challenge and come out stronger on the other side.