Thread regarding Charles Schwab Corp. layoffs

Question

I joined about two years ago, entry level. I am on the IT side and I have a strong reason to believe I'll be cut (if this layoff ever arrives). The relationship with the manager has been damaged beyond repair and this torture for both the manager and myself. Anyhow, I will stay and try to get that severance and then figure out what to do.

I'd like to see if you can chime in and suggest things that I can be doing so I can prep for the departure. This will be my first (layoff) rodeo and I am not sure what to do. I've googled this and most advice is fairly generic, so I am trying my luck in this thread...

Good luck all.

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| 1803 views | | 4 replies (last October 17, 2023) | Reply
Post ID: @OP+1p85lPSG

4 replies (most recent on top)

Grab any Sendwords and also any positive feedback from your reviews. Including your own self-reviews.
They will help round out your resume and cover letters.

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Post ID: @psc+1p85lPSG

get your resume up to date and start applying just in case, maybe you land something while you wait...

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Post ID: @cgg+1p85lPSG

Per ChatGPT:

I'm sorry to hear that you're facing potential layoffs, but it's a good idea to be proactive and prepare for the possibility. Here are some steps you can take to prepare for a layoff and make the transition smoother:

Update Your Resume and LinkedIn Profile:
Ensure your resume is up-to-date, highlighting your accomplishments and skills gained during your time with the company. Also, update your LinkedIn profile to reflect your most recent experience.

Network:
Start connecting with colleagues and industry contacts on LinkedIn. Networking can lead to potential job opportunities or referrals.

Evaluate Your Finances:
Review your financial situation and create a budget to manage your expenses during the transition period. Consider reaching out to a financial advisor if necessary.

Research Severance Policies:
Familiarize yourself with your company's severance policies and benefits. It's important to understand what you're entitled to and what to expect.

Develop New Skills:
Identify the skills and certifications that could enhance your employability in your field. Consider taking online courses or attending workshops to gain these skills.

Job Search:
Start your job search while you're still employed. Keep an eye on job postings, attend job fairs, and explore potential opportunities. This can reduce the gap between your current job and the next one.

Speak with HR:
If layoffs are officially announced, talk to HR about the process, your severance package, and any resources they can provide to support your job search.

Consider Your Career Goals:
Use this time to reflect on your career goals and whether this layoff might be an opportunity for a fresh start or a change in your career direction.

Create a Financial Cushion:
If possible, build an emergency fund to cover living expenses in case your job search takes longer than expected.

Emotional Support:
Dealing with a layoff can be emotionally challenging. Seek support from friends, family, or consider speaking with a therapist or career counselor to help you cope with the stress.

Legal Consultation:
If you have concerns about the fairness of the layoff or your severance package, consider seeking legal advice.

Side Projects or Freelancing:
If appropriate, explore opportunities for part-time work, side projects, or freelancing to maintain income while job hunting.

Remember that a layoff can be an opportunity for growth and change in your career. Stay positive and motivated, and use this time to enhance your skills and explore new possibilities. It's essential to stay professional and maintain a positive attitude at work until your departure. This will leave a good impression on your colleagues and potentially serve you well in your future job search.

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Post ID: @cak+1p85lPSG

just google it, there are so many things you can do. i'd chat gpt this question as well, i am sure you'll get some good responses.

i'd say:
network and start looking, i would not wait for the severance (unless you want to take 6 months unemployment and travel the world
save money
think about healthcare (if you think you'll need it)
make sure your resume is crisp
build a list of companies for cold inquiries
brush up on skills
get certified in whatever you want to do
clean up your internet profile, if there is something you dont want your next employer to see, remove it
learn to mediate, this will take a while

godspeed

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Post ID: @kcj+1p85lPSG

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