Job-cuts: A blessing in disguise

An opportunity


Priya C Nair, TNN

Whether you call it a lay-off , downsizing or cost-cutting , the entire process can be quite traumatic for the laid-off employee. Although it’s acceptable for him/her to experience different emotions, it’s more important to move beyond the emotion and utilise the available time, constructively , to kick-start the beginning of a new phase in one’s life; one that is optimistic and enriching.

Because even if it takes a little while, you can still bounce back. Industry experts suggest utilising this time to figure out your priorities while also being positive and goal oriented, for you may never know how it will turn out to be a golden opportunity in disguise.

 

Temporary phase

“View a pink slip as a temporary hiccup in your career. It’s a good time to get introspective by asking yourself questions that will help influence your long-term decisions like what kind of a job do I want, where do I want to work, where do my strengths lie, should I change my area of specialisation, etc., ” opines Mujtaba Merchant, Team Leader, Peopletree HR Services Pvt Ltd.

A pink slip can also be viewed as an opportunity to explore other career avenues as well. “This period offers you an opportunity to study, research and explore new industries, markets, job roles, etc. Utilise this time for selfevaluation , fine tune your skills by enrolling for training/refresher courses, pursue temp jobs or freelance projects as you need to even look at earning as well, during this period,” adds Merchant.

“Reflecting on what one has - like good health, supportive spouse, parents or friends, etc, compared to others helps creating the much required positive attitude,” says Marcel Parker, Chairman, Ikya Human Capital Solutions.

 

Networking

Always keep an updated resume handy that is accessible to friends and recruiters. Also, networking through social networks plays a big role towards fetching a job that suits your qualifications.

“Also, a person must be a little flexible during such times about compensation structures as companies wouldn’t be able to offer you pay packages, as per your ex pectations,” suggests Anupama Parthasarathy, Founder & CEO Global Executive Talent.

For a downsized employee this tumultuous time can actual ly offer an array of career-en hancing opportunities. All you need is an optimistic approach and a willingness to learn!

 

Preparedness, the key


Prepare an updated resume and send it to organisations you believe would hire someone with your qualifications and work experience. Even if you get only one response, use that as an opportunity to explore further.

Be well networked with colleagues, head hunters and executive search firms and do a regular followup , even though there are no immediate openings.

Update your skills by investing in short-term training courses.

Try to get a mentor who could advice and guide you, during times of distress.

Analyse your financial situation and prepare for hard days, in advance.

https://economictimes.indiatimes.com/quickiearticleshow/4040055.cms

Replies (1)

 Prepare an updated resume and send it to organisations you believe would hire someone with your qualifications and work experience. Even if you get only one response, use that as an opportunity to explore further. 

 

where resumes are made in wholesale rates

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details