How to get rid of layoff fear and feel secure?
I work in a slowing industry (Ed-Tech!) in a generalist role (Project Management!) for half a decade now! You'd think I would be better positioned to deal with life! Heck, NO!
This crippling feeling of insecurity or job loss always puts an extra stress on day to day life. I couldn't take any risks in terms of a house or a car or a big EMI purchase in life!
What if I get laid off? Will this generalist role help in landing anything next? Do I need an MBA for that? Switching to any specialized roles will take extensive preparation with time being in short supply with family and kids!
Seem to have been strangled in the startup world. Any cure for this?
P.S : Sometimes thinking : Mommy sahi bolti thi. Govt job le leni chahiye thi. :D
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Just my opinion, might be wrong too.
A soft layoff is mostly dependent on your manager and skip manager. When a company is in crunch, they always put lot of work pressure on everyone. To see who survives best. When a resource has width to cover a lot of ground, they always retain them. Like having multi-skill. When you are worth more 1-2 people at your range, you're mostly likely to be retained. I know this is unethical and unprofessional but that's the way company survives. As long as you're humble and ahead of the curve in terms of knowledge from your peers, you're mostly retained. You'll be given unreasonable expectations, but if you want to stick around, you've to deliver.
If that's not how you want to operate, finding a better opportunity is best.
If it's mass layoffs, you just have to pray to not be in that list.
Hope it makes sense.
Not to sound smug but how do you think I have survived this long! :D
Agree to your poiny Wholeheartedly. Exactly that's how the layoffs have happened. If people are fit to deliver more than the average lot, they'll be retained and shifted to different teams (in case of mass layoff or shutting down of a unit).
But this is a very unhealthy practice, you'd agree! How would you expect people to deliver when there baseline is safe!!
Haha, makes total sense, since you've stayed with the company for 5 years now.
It's a unfair world. That's the bitter truth. And our country has the toughest competition for any job role. We've some of the smartest people on the planet. We just can't outsmart once and move ahead, we've keep it doing again and again consistently till the day we call it enough and quit all of it.
Sadly, the rat race in corporates is very real.
Hum to fakeer Aadmi hai, jhola utha ke chal padenge
Adrenaline rush happens only once or twice. Not after that. We get used to it.
Didn't get the point in the context of the post... 🤔
I meant your fear for layoff and wanting something secure is because it's your first time. After two layoff you get used to used. It.
white collar employees have little or no skill gained during their employment. The skill is limited to just one activity not enough to go alone and survive. Or the skill is primarily works in one small area. With a big working population there is nothing we can do we are at their mercy. Many people break away and try something on their own. Most don't make it. Some manage to float. Very few make it.
Corporate rule no 101:-
Hope for good, prepare for the worst
I never fear layoff I dont know why , I have saved enough amount 10L in MF , 10L in PF 2 L in gold bound 3-4 L have emergency fund , recently I took home home I bought my dream house in gudgaon(EMI 40k). working from past 10 years. married have 1 kid.
so save your self financially frist , have family. if I got layoff also I can survive at least 3 year without work .
I need your confidence man! How were you able to save for a home in Gurgaon? I managed to save only 1cr in 13 years and no assets. I fear layoff a lot