Layoff Coming? 3 Things to Do Now to Stay One Step Ahead

What do Amazon, Walmart, UPS, Nike, and Pinterest all have in common? They've all announced huge upcoming layoffs this week. And while it might not seem relevant for your career if you don't work for these comapnies, we know that when major players like Amazon announce a layoff, many other companies follow suit, whether they really need to or not. 

And with the tough job market, now is not the time to "wait and see." Hope is not a strategy.

The senior leaders and others who land their next role faster and avoid draining their savings take control before a layoff notice hits their desk. 

We created this practical 𝗟𝗮𝘆𝗼𝗳𝗳 𝗣𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻 𝗖𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁 to help leaders like you stay one step ahead and take control of what comes next. This checklist walks you through exactly what to do before access is cut off, how to protect your career assets, and how to think strategically about your next move.

Here are three critical steps to take now:

1. Gather Your Data

Don't wait until the last minute to compile critical information. While you're still employed and have access to internal systems and files, collect things like your performance reviews, contact info for key contacts and any metrics or KPIs. 

2. Refresh Your Career Assets

It’s much easier to create a compelling resume and LinkedIn profile while you are still employed. If you wait until the layoff comes, you'll often be in crisis mode and will struggle to craft a strong professional narrative while on the defensive. 

3. Prepare to Negotiate Severance and Outplacement Support

Many professionals are surprised to learn that you can often negotiate for severance and/or outplacement support. These benefits are important because they can give you more runway to find the right next role and you can gain access to expert support to help you launch and navigate your search. 

Reach out to us to learn how we can help you negotiate severance and secure executive outplacement support for you or your team. 

Preparation is not panic. It's taking ownership of your career. And it's your power move. 

For a full list of how to get ahead before a pink slip hits your desk, download our Layoff Preparation Checklist here.

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About D&S Executive Career Management:

We specialize in accelerating career transitions for senior executives and board candidates to land faster without leaving money on the table. Using our proprietary Executive Edge Method™, we've supported thousands of executives in landing top jobs in competitive markets and securing prestigious board appointments.

If you're facing an executive job search, building your board portfolio, or managing high-stakes leadership transitions, let's discuss how our proven methodology can cut your timeline and eliminate costly missteps. Schedule a confidential consultation here.