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Life after a layoff: You’ve just been fired. Now what?

Some people have been laid off, while others are fearful of losing their jobs. Industry experts say people should understand that layoffs are the results of volatility in the market and are not a reflection of their performance.

November 11, 2022 / 02:32 PM IST
The first and foremost thing one should do is to be in communication with an external world, says career coach Senthil Kumar Venugopal. (Image Credit: Pixabay)

The first and foremost thing one should do is to be in communication with an external world, says career coach Senthil Kumar Venugopal. (Image Credit: Pixabay)

India Inc. is witnessing mass layoffs across sectors, including in Big Tech companies such as Twitter and Meta and start-ups are not far behind. Byju’s, Unacademy, Practically and Plum Insurance have laid off several of their employees.

However, firing doesn't and should not mean the end of life. Moneycontrol spoke to experts to explore different ways of coming back stronger after being laid off.

It’s not a reflection of your performance: Be confident

People are either a part of a layoff or fear they might lose their jobs shortly. However, industry experts say people should understand that layoffs are the results of volatility in the market and are not a reflection of their performance.