What to Do When Technology Layoffs Happen

The numbers say it all, 88,000 people and counting have been laid off in 2022. Layoffs are a reality of the tech industry, and they can be difficult for everyone involved. For those who lose their jobs, it can be a stressful and emotional experience as they try to figure out how to cope with the sudden change in their lives. For those who remain employed, there is often an uneasiness and uncertainty about whether or not their own jobs are safe. Whether you’ve been laid off or are still employed, understanding the process of technology layoff can help you make informed decisions about your career.

What Causes Technology Layoffs?

Technology layoffs can occur for a variety of reasons. Often, layoffs occur when companies are undergoing restructuring due to shifts in the market or budgeting constraints. Other times, layoffs may be necessary in order to streamline operations or improve efficiency within a company. In some cases, technology layoffs may even be used as a way to cut costs and increase profits. Regardless of why layoffs happen, it’s important to understand that it is not always personal—sometimes these decisions are out of anyone’s control.

Planning for the Future

If you have been affected by a technology layoff, it is important to take time to assess your options and plan for the future. Look for job boards online that specialize in technology positions and make sure you update your resume with relevant skills that employers will be looking for. For example, by joining Outdefine, you will have access to current job opportunities from top companies globally. Even if you're not actively looking, companies can also see your profile and make you an offer if there is a match in skills and experience. You should also consider networking with other professionals in your field—this can give you valuable insight into potential opportunities as well as provide invaluable support during this difficult time. Finally, don’t forget about freelancing—it may not offer the same stability as full-time employment but it could provide a steady stream of income while you search for something more permanent. Outdefine is filled with freelancers who often take on one or several projects at a time and have multiple streams of income and opportunities.

Be Prepared if You Haven't Been Laid Off Yet

For those fortunate enough to still have a job in tech after a round of layoffs, there is still work that needs to be done. It is important to stay up-to-date on emerging technologies so that your skills remain marketable—this could mean attending conferences or taking additional classes related to your career field. Additionally, staying abreast of industry news will help ensure that you remain knowledgeable about any changes within your organization so that you can make informed decisions about your career path should another round of layoffs occur down the line.

Technology layoff can come at any time and affect anyone regardless of seniority or experience level. Understanding what causes them and having an action plan ready if it happens can reduce stress and allow employees affected by layoffs to move forward in their careers quickly and effectively. Those who have managed to keep their jobs need to remember that staying up-to-date on industry trends is key; being prepared now could mean saving yourself from going through the turmoil later on down the line should another round of layoffs happen again soon.