"Laid Off? Here’s How to Bounce Back Before Your Severance Runs Out"

Dec 3, 20242 min read

Getting laid off is an unsettling experience, even if it’s accompanied by a severance package. While it’s tempting to treat a severance payout as a financial cushion that allows for an extended break, waiting too long to start your job search can hurt your career prospects. At Executive Scouting, we’ve guided many professionals thr

ough career transitions, and here’s our advice on how to take control after a layoff—and how a recruiter can help.

Step 1: Process and Plan

It’s natural to feel a mix of emotions after a layoff—shock, disappointment, even relief. Allow yourself a moment to process, but don’t stay idle for too long. Instead:

Evaluate your finances: Understand how long your severance package and savings can sustain you, but remember that the job market can be unpredictable.
Set your goals: Identify your priorities for your next role. Do you want to stay in the same industry? Explore a new field? Move into leadership?

Step 2: Don’t Wait for the Severance to Run Out

Relying on severance to sustain you before launching your job search can lead to missed opportunities:

Gaps in Employment: Employers often view long career gaps as red flags unless well-explained. Starting early keeps your résumé active and relevant.
Market Timing: Job opportunities are often cyclical, and certain industries may have hiring peaks. Don’t miss your window by waiting too long.
Momentum Matters: The sooner you start, the more control you have over your next career step, rather than rushing into any job out of financial necessity.

Step 3: Leverage the Support of a Recruiter

Working with a recruiter during a layoff can give you an edge in the competitive job market. Here’s how a recruiter can help:

Personalized Guidance: Recruiters understand the job market and can help identify roles that align with your skills and career goals.
Hidden Opportunities: Many positions aren’t publicly advertised. Recruiters can connect you with companies looking for talent like yours.
Résumé and Interview Prep: A recruiter will refine your résumé, optimize your LinkedIn profile, and coach you for interviews to ensure you stand out.
Negotiation Support: From salary expectations to benefits packages, recruiters help you advocate for your worth in your next role.

Step 4: Stay Active

While a recruiter will be your advocate, staying proactive in your search is essential:

Network: Reach out to industry contacts, attend networking events, and join professional groups.
Upskill: Take online courses or earn certifications to strengthen your candidacy.
Stay Positive: Reframe your layoff as an opportunity to explore new paths or focus on personal growth.

Moving Forward with Confidence

A layoff doesn’t define your career—it’s simply a pivot point. With a clear plan, proactive efforts, and the support of a trusted recruiter, you can turn a challenging situation into a stepping stone for future success.

At Executive Scouting, we specialize in connecting talented professionals with the right opportunities. Whether you’ve just been laid off or are exploring your next move, we’re here to guide you every step of the way.

Reach out today to learn how we can support your job search and help you land your next role.