How to Love Your Layoff
No job? No problem.
Getting fired is normally one of the biggest crises of a worker’s career. But my colleague Charlie Wells and I found a few people who say they’re loving being laid off .
No regular 9-5 role means more time for hobbies and passion projects, some of which can be turned into new careers. Others are simply catching up on sleep. You can read the full story here .
Some of these workers’ reduced anxiety comes from the nuances in the labor market. While US employers slashed more than 100,000 jobs last month, primarily from tech companies , the US economy as a whole added more than 500,000 roles and the unemployment rate fell to a 53-year low.?
That means the economy is stronger than many assumed… but also that the Federal Reserve might have to keep hiking interest rates .?
It’s a tricky environment for investors. Luckily, my colleague Suzanne Woolley has compiled the best ideas from top financial experts in her latest feature on how to invest $10,000 right now . And if you’re looking for a safe, high-yield way to save, there are always I bonds .
For those who are facing layoffs, or maybe just fear they will , we have some tips as well.?
My Bloomberg Opinion colleague Alexis Leondis shares more details here on the steps you should take to protect your finances if you’ve just been laid off.
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Susan Peppercorn, a career coach in Boston, says negotiate for severance pay first, then take stock of your finances. Try to apply for unemployment insurance as quickly as possible.
Also take time to rest and carefully consider your next move, advises Maggie Mistal, a career consultant and executive coach based in New York and Florida. And make sure to keep your confidence up, because “recruiters and hiring managers will pick right up on it.”?
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Founder LEGAL ADVOCATE 360* writer-researcher Prior Utility System Repair/OPERATOR NPS ISLE ROYALE, Merchant Marine.
1 年Just. Call it UNENJOYMENT and while on forced vacation invest in your goals follow your path. America has some safety nets that hopefully will help your activities ??
Entrepreneur I Are health and prosperity priorities for you? I Communication paves the way for essences and quality relationships I HIDRATION REMINDER I DRINK WATER! RESPONSIBLY!
1 年Mul?umesc!
| Operations and Strategy Leader | M&A Expert | Passionate about People, Process, and GTM | Medical Device | Healthcare IT | Continuous Improvement Expert | Supporter of Good Humans |
1 年I love the people who all say "take time to rest, enjoy it, go on vacation. Tone deaf for the millions who don't get big severance packages, who can't afford to just rest.. someone like myself who was laid off in 2020 after 15 years and already exhausted any financial ability to have a break. That's great for those who can, and if you need it, do it.. but I know very few people who enjoy a layoff. It is anxiety-inducing, the job search and interview processes are all broken, and most of all people have mouths to feed and futures to worry about. So instead I say.. feel the feels, embrace the suck, take time if you can, but never feel guilt. Job searching IS a full-time job.. but give yourself grace along the way
Brand Manager // Podcast Expert // Creator of Multiple Top 100 Shows
1 年Everyone needs a good break once in a while. Restart the computer. Restart the machine. Build the next beautiful thing
Licensed Professional Mental Health Counselor @ U.S. Department of Veterans Affairs | LPC, LCDC, NCC
1 年Bloomberg News If they are living paycheck to paycheck like many Americans are, I don't see them spending money they don't have on travel. Horrible take. ??