Usually, my Friday post would be upbeat, but not today.
This week, we heard another layoff story. This one is at Dollar Tree, which announced the closing of nearly 1,000 Family Dollar and Dollar Tree stores; 600 of these closures will occur in 2024.
As a former retail manager, I survived the closures at K-Mart, Service Merchandise, and McWhorter's Stationers early in my career, transitioning to new jobs and eventually new careers.
Anticipating potential layoffs can be a stressful and uncertain time. Here are 7 things someone should do when they sense layoffs are on the horizon:
1⃣ Stay Informed: Pay attention to any rumors, news articles, or internal communications that may indicate layoffs are imminent. Delays in annual performance reviews, planned programs, and hiring for open positions are common.
2⃣ Review Your Financial House: Review your financial situation and create a budget to prepare for any potential loss of income. Consider building an emergency fund if you haven't already.
3⃣ Assess Your Skills and Goals: Take a moment to reflect on your strengths, skills, and career aspirations. Understanding what you bring to the table will help you tailor your job search and identify suitable opportunities.
4⃣ Get Your Marketing Documents Ready: Ensure your resume and LinkedIn profile are up-to-date and tailored to highlight your most relevant experiences and achievements. Remember, the thing you are marketing is YOU!
5⃣ Network, Network, Network: Reach out to former colleagues, mentors, and industry connections for support and potential job leads. Networking remains one of the most effective ways to uncover hidden opportunities in the job market. In all but one case, I landed my next role through networking, saving myself from lengthy job searches.
6⃣ Explore Training and Skill Development: Consider investing in additional training or skill development programs to enhance your qualifications and make yourself more marketable in a competitive job market.
7⃣ Stay Positive and Persistent: Job searching can be challenging, especially during uncertain times. Stay positive, maintain a proactive mindset, and persevere through setbacks. Remember, every rejection brings you one step closer to your next opportunity.
A successful career transitioner myself, I advanced to District Manager and eventually Director before leaving retail altogether. Now I leverage my broad business acumen and deep career industry training to help people clarify their career path, become more self-aware, and market themselves for their career targets.
You can do it too!
#CareerTransition #JobSearch #Resumes #LinkedIn #DISC #Support #EZResumeServices
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