Tag Archives: layoffs

Volunteer to be the first person laid off

The best people have the hardest time finding jobs when they are laid off. It is a fact. It is not for the reason you are thinking.

This is my experience.

I was the only person out of 300 that knew for sure that layoffs were coming.  I had a mole in the headquarters in Dallas.  I asked my boss, Mike, when the layoffs were going to start.  He said, “There won’t be any layoffs.” Then, he checked with Dallas and was told there would not be any layoffs.

He was wrong, and I knew it.  My source sat 50 feet from the division president who was laying plans.

So I told Mike, “If there are layoffs, I want to be in the first group you let go.”

Mike assured me that it wouldn’t be necessary.  There would be no layoffs.

I started looking for a job and started a small recruiting company.  A week before the layoffs were announced I gave my 2 weeks notice.  My company, AGI, had its first contract.  Mike acknowledged that my timing was perfect.  The only thing that could have gone better was waiting a week so I got severance pay.  The new job security was a lot better than any severance pay.

Everyone who was laid off in the first group got a job immediately.  Everyone. And they were the problem children that managers wanted to get rid of.

There were more layoffs.  The people laid off 6  months later didn’t find as many open jobs as the first group.  Those laid off a few months after that were unemployed for a lot longer.

The funny thing is that the best employees were laid off last.  But they couldn’t find jobs.  Why?

By the time they were laid off, there was a serious business malaise.  All the local companies had staffed their urgent projects.  Now everyone was afraid to hire more people.  So the best people had the hardest time finding jobs.

Isn’t it strange that the best workers, the most loyal staff, the absolutely essential people all had a hard time finding jobs? The reason is that they were let go at the absolute worst possible time.  Every job was filled months before. They were hurt the most by their own loyalty.

Are you concerned about layoffs?  Even if you are planning to stay, start setting yourself up for a job. Start setting yourself up for a promotion. Work harder than ever.  Take over new tasks.  Figure out how to make the company more money. Write a resume and hand it to your boss.  Ask for a promotion or an award for doing so well.  Don’t worry about a raise. Worry about getting recognized for exceptional performance where you are.  Then figure out if you really should look for a new job.

And consider asking to be the first person laid off.

What will happen in this summer’s recession

I expect there to be a minor recession this summer.  We will be out of it before the year ends.

Three things will surely happen to companies in the next recession:

  1. Companies will have layoffs and close.
  2. A lot of people will retire.
  3. Musical chairs will become the biggest game in corporate America.

In a recession, companies close down divisions and lay off people.  Many will offer early retirement to their older and more expensive workers.  A lot of those retirees will decide to really retire.

I saw one estimate that half the US workforce is over 60 right now. I’m suspicious of that number.  However, there are a lot of people who will retire and won’t look for another job.  They are highly skilled.  Someone has to take their place.  Prepare now and you will find the coming decade to have incredible possibilities.  There will be more openings at high levels in companies than there have ever been in the history of America.

Take advantage of the future retirements.  In your company and division decide who is going to retire in the next 3 years.  Someone will fill their job, and then a domino effect will happen.  It will look like musical chairs as everyone scrambles to fill open seats created by the guy who just got promoted.  Musical chairs in the corporation is going to be incredible.  Prepare now and position yourself.

There is no such thing as luck. There is only adequate or inadequate preparation to cope with a statistical universe.  (Robert Heinlein)   

Something To Do Today

 

Figure out who will be retiring where you work.  How can you take advantage of it?

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Later:  Some jobs give you a bad reputation, no matter how good you are.

Why the best people have the hardest time finding jobs when laid off

The best people have the hardest time finding jobs when they are laid off. It is a fact. It is not for the reason you are thinking.

This is my experience.

I was the only person out of 300 that knew for sure that layoffs were coming.  I had a mole in the headquarters in Dallas.  I asked my boss, Mike, when the layoffs were going to start.  He said, “There won’t be any layoffs.” Nevertheless, he checked with Dallas and was told there would not be any layoffs.

He was wrong, and I knew it.  My source sat 50 feet from the division president who was laying plans.

So I told Mike, “If there are layoffs, I want to be in the first group you let go.”

Mike assured me that it wouldn’t be necessary.  There would be no layoffs.

I started looking for a job and started a small recruiting company.  A week before the layoffs were announced I gave my 2 weeks notice.  My company, AGI, had its first contract.  Mike acknowledged that my timing was perfect.  The only thing that could have gone better was waiting a week so I got severance pay.  The new job security was a lot better than any severance pay.

Everyone who was laid off in the first group got a job immediately.  Everyone.

There were more layoffs.  The people laid off 6  months later didn’t find as many open jobs as the first group.  Those laid off a few months after that were unemployed for a lot longer.

The funny thing is that the best employees were laid off last.  But they couldn’t find jobs.  Why?

By the time they were laid off, there was a serious business malaise.  All the local companies had staffed their urgent projects.  Now everyone was afraid to hire more people.  So the best people had the hardest time finding jobs.

Isn’t it strange that the best workers, the most loyal staff, the absolutely essential people all had a hard time finding jobs? The reason is that they were let go at the absolute worst possible time.  Every job was filled months before. They were hurt the most by their own loyalty.

Are you concerned about layoffs?  Even if you are planning to stay, start setting yourself up for a job. Start setting yourself up for a promotion. Work harder than ever.  Take over new tasks.  Figure out how to make the company more money. Write a resume and hand it to your boss.  Ask for a promotion or an award for doing so well.  Don’t worry about a raise. Worry about getting recognized for exceptional performance where you are.  Then figure out if you really should look for a new job.