Facing Retrenchment

Reading the recent retrenchment news and Ian Tan’s article today inspired me to write this short blog. I have written several blogs on bouncing back previously and here is a summary: 

Don’t resort to pity

You will go through shock, denial, anger, frustration, depression (perhaps). After the initial stages, you can start to experiment, network, and find a new path. You want to blame the unfair manager, the company, the investor, or the stock market. But it will not help you. Instead, consider getting help. With a good plan and determination, you can pick yourself up again. 

Treat jobhunting as a full-time job

8 hours a day, 5 days a week. No slack, no excuse. You can enjoy the downtime, if you plan it intentionally. Don’t let time drift. The initial nice break may create anxiety for you later. Create a calendar that resembles your work routine. Don’t take longer than necessary lunch breaks. 

Overdose yourself with positive things

Stop reading negative news or meeting negative people. Don’t spend time with people who are constantly complaining about the economy, inflation, or rising interest rates. In any economic condition, more people are doing well than doing badly. 

Instead, surround yourself with positive people. Read good stuff. Motivational quotes are good for you. Wire your mind properly. 

Network relentlessly

Meet at least 2-3 persons a day. F2F is better than virtual. Old friends, new friends, ex-colleagues, suppliers, and customers. Having thick skin is important. Don’t ask for a job. Ask for a coffee. Everyone likes coffee (or tea). 

See the opportunity to pivot

The ground below may have shifted. The industry has changed. The funding has dried up. Look inside to find what gives you energy. Look outside to identify the new opportunities. There are always new things happening. 

Doing odd jobs sparingly

While I’m not a big fan of odd jobs, I must admit that giving tuition during my 3-months in between jobs in 2004 has helped me to pay for my meals and transport. Just be aware that driving Grab or packing groceries is temporary. Prioritize your time and make sure that the odd jobs are distracting you from your jobhunting activities.

Keep your focus strong. Everyone can bounce back!