Today, I woke up in the morning as usual and started my normal routine. Then I see an email from the engineering lead explicitly tagging it as an IMPORTANT meeting during my standup time. I was surprised and got a feeling that something is wrong. This is one of the red flags and a symptom of a layoff but not so important as it is already too late for you. I will cover other important red flags later in this post.
Nervously, I attended the meeting to figure out that I am being laid off due to poor macroeconomic conditions. Then followed by another meeting about the formalities and immediately you notice that your access is revoked. Sorry to say but it is a poor way of implementing it and a non-empathetic way of saying goodbye. You expect to be treated better.
I am in the technology market since 2008 and I have seen expected things happening in the name of market trends. The reason you get could be anything, sometimes it is genuine and sometimes not. Sometimes, in the name of trend, I have seen org increasing their working hours, to reduce benefits, and then obviously letting people go. As you can see in the news, a lot of companies from small ventures to large mega-companies are doing layoffs.
Inefficient and recurring layoffs are actually a bummer and most of the time, it is a failure of the leadership of the organization who have not planned or foreseen the risk. It is the time you test your leaders who are not able to navigate the ship and sink. Another observation is that most companies are playing short-term games out there and hiring people to drive their product agenda rather than building an awesome organization with the best people that will come out of storms every time.
The true test of leadership is how you function in a crisis. ~ Brian Tracey
Anyway, discussing reasons and assessing leadership is not the agenda of this story. I want to focus more on understanding what are the early indicators of a layoff and what you should do to prepare for the unexpected. You can’t stop companies from doing layoffs as it is not in your hand. So preparation is the key.
So, what are some typical red flags to notice or early indicators that layoffs are coming in your organization? Shreyas’s tweet was really helpful and I have compiled what most of the people think.
These are the top ones but if you want to take deep dive, feel free to look into this tweet.
This is super important thing that everyone should be doing as nothing is permanent be it your job.
First, take some rest for some time and don’t take any decision in a hurry. It is a minor blip in your career. Don’t take it personally as it is not your fault.
Please comment if you want to add to the above points, would be really useful for the readers.
Now I am free, what I am going to do next? I have to still think about it but some of the things I have already sorted out some of the above points. I also will be taking some time to lose some fat and dust off my cycle lying since monsoon.
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