When layoffs loom, be proactive to save your job

The writing was on the wall. The stock market analysis company that 32-year-old Dennis Shirshikov worked for was in financial trouble and job cuts were about to happen.

“They were planning to eliminate my whole department,” Shirshikov said. He lived on Long Island with his wife, two young children and a third on the way. “I couldn’t afford to lose my job,” he said. So he set out to save him.

Shirshikov did this by finding a way to save his employer money.

“I asked for support staff to be cut, to reduce overhead, and to cancel subscriptions I wasn’t using,” he said. Shirshikov also created a report on the total savings compared to the value he was producing in his role as content editor. “My budget discipline and proactive decision-making were cited as part of the reason I wasn’t fired,” he said.

According to Trading Economics, US-based companies have cut 159,021 jobs so far this year. Some CEOs have apologized, such as Shopify CEO Tobi Lütke, who laid off 1,000 employees.

US-based companies have cut 159,021 jobs so far this year.
Stefano Giovannini

“We’re betting the channel mix — the share of dollars flowing through e-commerce rather than brick-and-mortar retail — would jump five or even 10 years permanently,” he said. “It is now clear that the bet did not pay off.”

Others, like Better.com CEO Vishal Garg, weren’t as empathetic or generous. The company laid off 4,000 employees, addressing a group of workers in a Zoom call saying, “If you’re on this call, you’re part of the unlucky group that’s being laid off.”

Tesla slowed hiring earlier this year and wrote an email to employees saying about 10% of its workers would soon be laid off. Goldman Sachs recently reinstated job evaluations to weed out underperformers.

In such cases, workers, like Shirshikov, may have time to save their jobs.

Here, the experts look at how to try and avoid being shown the exit.

Be indispensable

A good place to start is to familiarize yourself with your job’s KPIs, then make sure you’re not only meeting them, but exceeding them, according to Amanda Augustine, career expert and Talent.com spokesperson. , which owns brands like TopResume, TopCV and TopInterview.

If you’re in sales, for example, you want to exceed your quota and document the proof. If you’re in customer service, solve most cases. And if you’re a waiter, you want to do what it takes to earn the best shifts, sell the most diners, and train new workers.

Brag about your accomplishments

“It’s important to remind your boss and the powers that be of the value you bring to the company,” Augustine said. “Now is not the time to be humble. If you meet or exceed your goals, or go the extra mile for your customers and receive praise, share the good news from the rooftops. No one is going to brag about your accomplishments better than you. Update your personal bragging book and resume, that way you’re ready anyway,” Augustine said.

Not only that, but attitude matters. “It’s a good idea to be positive and appear happy and enthusiastic,” she said. “Nobody wants to work with a negative person with a bad attitude.”

Working with your manager to improve your performance can make you more vital to the team.
Showing your worth to a company can help save your job.
Stefano Giovannini

Pay attention to others – and yourself

Harrison Baron, 28, who runs Growth Generators, has been put in a position to fire others. When asked to fire a worker whose performance was declining, he sat down with the young man and created a plan that would allow him to show his worth. Baron enlisted the help of other team members, a turnaround occurred and the layoff was averted.

Yet when Baron’s role was about to be phased out for financial reasons, he found a way to save his job by cutting the jobs of his subordinates. That may sound selfish, he admitted. “But if it’s you or I who are going to be fired, I’d rather it was you,” he said. The message here – help your co-workers when you can, but remember that it’s up to every man to take care of himself.

Observe other departments

“Get together with colleagues from adjacent departments who don’t expect to be affected,” said career coach Carolyn Kleinman. “That way you might be able to find out more about vacancies in their fields and you might already have some of the skills they are looking for,” she said.
If not, taking a course or earning a certificate in areas where you’re failing might, at the very least, demonstrate your enthusiasm.

That’s important because in most cases, “a layoff is about the job, not the person,” said human resources expert and author Laurie Ruettimann. Having the qualifications for a different job can help you stay with the company.

To be visible

If you’re working in a hybrid environment but doing so remotely, “make it a point to work more frequently from the office,” Augustine said. “Working remotely has its perks, but it’s also easy to get overlooked.”

That’s the last thing you want to happen. While you want to be heard and seen, you also want the powers that be to remember the significant contributions you’ve made to help your department or employer meet or exceed their goals.

New York Post

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