Name: The Most Important Thing To Do After You Get Laid Off
Uploaded: 2023-03-14T21:43:41+00:00
Duration: 4 min 27 s
Description: As a software engineer, you naturally have a lot of leverage as a highly sought after, highly-skilled worker

The Most Important Thing To Do After You Get Laid Off

As a software engineer, you naturally have a lot of leverage as a highly sought after, highly-skilled worker. If you end up getting laid off, take the opportunity to use that leverage and seriously think about bettering your future.

Here are the core points:
- **Take the time to introspect about career direction** - When you're working, it's way too easy to get lost in the hustle and just trudge from project to project. After you're laid off, you now have the mental freedom to really think about where you want to go with your career. This will take at least several days, maybe even weeks. Try to envision what the perfect job looks like to you and make that your goal. Ask yourself where you want to be 5 or 10 years from now.
- **Think about what makes you happy** - This sounds cliched, but it's 100% true. There's no point min-maxing your compensation and level if you're fundamentally unhappy while doing it. The tech industry is such a broad space: There is a right opportunity for everybody where they can grow their career and be happy while doing it. But in order to get that opportunity, you need to discover what genuine passions you have.

Related resources:
- [[Masterclass] How To Choose A Good Company And Team As A Software Engineer](https://www.jointaro.com/lesson/0WEmTNZOMIh8xAdfO3JH/masterclass-how-to-choose-a-good-company-and-team-as-a-software-engineer/)
- [Figuring Out The Best Company To Join As A Software Engineer](https://www.jointaro.com/lesson/Nqs0U6rt2qFyXKSZurTh/figuring-out-the-best-company-to-join-as-a-software-engineer/)
- ["How do I know what I'm great at?](https://www.jointaro.com/question/hksE5OSxktWdbnQQFdaT/how-do-i-know-what-im-great-at/)

As a software engineer, you naturally have a lot of leverage as a highly sought after, highly-skilled worker

This collection represents the best of what Taro has to offer, personally curated by Alex and Rahul. If you're short on time, go through the content here.

Layoffs are the temporary suspension or permanent termination of a group of employees for business reasons, such as personnel management or downsizing an organization.

[Masterclass] How To Survive Tech Industry Layoffs

Layoffs: They will always be a part of the tech industry. 2022 was the first year of massive tech layoffs in the post-covid economy, and 2023 is sure to bear several more. Not even FAANG is safe with Meta, Microsoft, and Amazon all having layoffs in 2022.

There were a ton of important points from this masterclass, so here's our Top 5 (in no particular order):
- **Layoffs are effectively random for almost everyone** - Individual contributors (ICs) and more front-line managers are generally not privy to what happens behind the scenes with cut decisions. You can be a well-connected high-performer in a healthy revenue-generating org and still be laid off. It's crucial to recognize this reality and be at peace with it.
- **Stop freaking out** - Ironically, the worst way to deal with layoffs is to worry constantly and drastically alter your behavior to optimize for them. It's not healthy to go to places like Blind regularly to stay "up-to-date" with layoffs. The best way to deal with layoffs is to continue living your life as normal and double down on responsible software engineer behaviors. For more context on what those behaviors our, read this discussion: ["What are software engineering fundamentals?"](https://www.jointaro.com/question/3VNPK7wol76s89EkgFeW/what-are-software-engineering-fundamentals/)
- **Be deliberate with your performance review** - So many software engineers, junior ones in particular, assume that if they do good work and don't see any red flags, they'll get a good performance rating. This is very much not the case, especially at high-performance tech companies like FAANG. Maintain a transparent dialog about your performance with your manager and create a concrete growth plan. Here's our masterclass to help with that: [[Masterclass] How To Navigate Your Performance Review In Tech](https://www.jointaro.com/lesson/b0B8uqIAUnBLE10jJHJG/masterclass-how-to-navigate-your-performance-review-in-tech/)
- **Build a stellar, wide professional network** - It is more important than ever to build meaningful, high-quality relationships in the workplace. Tech is an inherently collaborative space: You need a multitude of connections to help you grow, vouch for you in performance review, and provide warm referrals for your next opportunity if you are laid off. If you want to deepen your network, watch this: [[Masterclass] How To Build Deep Relationships Quickly In Tech](https://www.jointaro.com/lesson/tyaPFMXPoz2pmzB7OVzt/masterclass-how-to-build-deep-relationships-quickly-in-tech/)
- **Getting laid off isn't the end of the world** - There's nothing wrong with you if you're cut during a layoff. Don't dwell on how you messed up or what you could have better to avoid the layoff: Focus on your next step. The silver lining is that getting laid off opens the door to your next opportunity and likely comes with some time in the form of a severance package to allow you to seriously think about your future. To optimize your next move, check out: [[Masterclass] How To Choose A Good Company And Team As A Software Engineer](https://www.jointaro.com/lesson/0WEmTNZOMIh8xAdfO3JH/masterclass-how-to-choose-a-good-company-and-team-as-a-software-engineer/)

Related resources:
- ["How to survive potential layoffs?"](https://link.jointaro.com/zGwioWXPLe8xhuA89)
- ["What are the signs of an impending layoff in an organisation that can help an employee prepare themselves better?"](https://link.jointaro.com/tkUnst8KKBdktPQq5)
- ["Staying motivated among lay-offs?"](https://link.jointaro.com/g9462CQrqy1KGtqR8)
- [Presentation Slides](https://docs.google.com/presentation/d/1Uyf04xDGTweN0ija_Z3nr9NZ_WsoDikh_54LR5AfZjU/)