Shifts Happen!

With CVS and Amazon announcing more cuts, additional layoffs from other companies are anticipated by year-end. Worker layoffs stem from various factors, including industry shifts, corporate restructuring, and efforts to enhance efficiency and profitability.

Many companies are investing in automation and new technologies, potentially reducing the need for human labor. Even in a robust economy, businesses may downsize to streamline operations or cut costs through technological advancements. Companies may also reorganize to focus on more profitable areas or shift strategies, often resulting in layoffs as they eliminate redundant roles or obsolete departments.

If it happens to you, here are four important steps to take:

• Assess Your Finances: Review your financial situation. Understand your savings, expenses, and any unemployment benefits you might be eligible for. This will help you manage your finances while planning your next steps.
• Apply for Unemployment Benefits: File for unemployment as soon as possible to ensure you have a financial safety net while you search for a new job. Be sure to check your state's specific eligibility requirements.
• Update Your Resume and Network: Refresh your resume and LinkedIn profile, showcasing your skills, experience, and achievements. Networking is crucial—connect with a professional recruiter for job search advice and reach out to friends, family, and professional contacts to let them know you're seeking new opportunities.
• Prioritize Your Mental Health: Losing a job can be emotionally difficult, and job hunting can be stressful. Focus on self-care and seek support from loved ones or professionals if needed. Keeping a clear mind will help you stay focused and motivated.

Taking these steps can help you navigate a layoff smoothly and move toward new opportunities. Remember, a layoff is not a reflection of your abilities. With a positive mindset and the right approach, you can find success in your next chapter.

DaMar Staffing Solutions of Indianapolis is a full-service, contingency-based recruitment firm, focused on administrative and professional staffing for all industries. There are many staffing agencies, but if you want a staffing agency that will work for you as a partner DaMar is a rare company. With over 20 years of experience, DaMar Staffing Solutions has built a reputation for providing quality service, top-notch professionals, and flexible recruiting solutions for Indiana companies.