How to cope with redundancy

We’re all likely to be affected by periods of redundancy at some point in our lives, whether we face it personally or are supporting someone close to us. And with today’s economic struggles, more and more of us are finding ourselves out of a job. It’s a hard pill to swallow, especially if you have been at a company for a long time, or have consistently been a high performer. 

 

If you have experienced being laid off, I’m sure you can attest to the dozens of different emotions you cycle through almost daily. There’s anger, frustration, anxiety, sadness, maybe even happiness or relief. With so much uncertainty it’s easy to see how quickly this can lead to feelings of stress and overwhelm. 

 

If you find yourself in this position, the first thing to remember is that it isn’t personal. Lay-offs can happen for any number of reasons and you may feel like perhaps you were hand-chosen for redundancy but that is never the case. Naturally you will begin to worry about no longer having a secure income. Perhaps you have your rent or mortgage to pay, or you are providing the main income to support your family, and without it you will struggle to pay bills and keep up with your daily expenses. 

 

It’s important to pause and take a breath here. You can imagine how quickly these feelings of worry can spiral out of control into anxiety and panic. Take the time to reflect on where you are at this moment. Many people tend to bury their heads in the sand and remain in denial or plough on regardless without acknowledging their feelings. Stopping to take stock and accept your situation is usually the first step towards getting to the other side. 

 

Next, make a plan. Do you need to jump straight into looking for your next role or would it be better for you at this moment to take some time to rest and recover? Ultimately this will depend on your personal finances, but sometimes time spent relaxing can bring you closer to what you really want in life. Many people at this stage often decide that they’d like to set up their own business or change their career entirely. Whatever you choose to do, make sure that you are completely clear with what you want before proceeding. I’ve heard many stories of people rushing straight into their next job without doing their homework and ending up more stressed and unhappy as a result.

 

During a period of redundancy, you may find yourself struggling with a change in routine, and this is completely normal. It’s incredibly difficult to go from your normal day-to-day activities to having to find things to occupy the time you would have previously spent working. If you are planning to go straight into job hunting, try to shape a little routine around researching and applying for new roles. It can be so easy to throw yourself into finding your next role, but by doing so you are opening the door to increased stress and overwhelm. Start by building an hour or two into your day to review your CV and browse the various job adverts. Make sure you aren’t spending all day doing this as it will start to feel like another job in itself, and you’ll quickly become frustrated and disengaged!

 

Inevitably, in any new job search you’re likely to face rejection, and this can be difficult to cope with, especially if you’re already feeling a little emotionally exhausted. Maintaining a positive mindset is immensely challenging in these situations, but if you can do so, it’ll make your period of redundancy significantly less daunting and stressful. You can find more articles about mindset and life transitions in my blog. 

 

As a Mindset Coach, I can teach you valuable techniques to manage stress, build resilience, and navigate life’s challenges with ease using the power of your mind. Whether you’re experiencing a significant change, a career shift, or a personal transformation, coaching can help you navigate these transitions with grace. Let’s embark on this transformative journey together…

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