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I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?
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Start applying now. Don't wait for confirmation. If you're wrong, you'll have options lined up. If you're right (and I hope you're not), you'll at least be ahead of everyone else who waited.
In addition to kicking off your job search, you should consider visiting your personal budget, evaluating your cash flow situation and making any adjustments you deem necessary. If the axe never falls, then you'll realize some savings. If it DOES fall, then you're prepared with a slower cash burn to sustain you longer.
A relative of mine had worked at BT when her team were told that they were being made redundant as work was being outsourced. The BT redundancy package not only remunerated her very generously but also paid for up to 3 years of alternative training courses.
The real smart move though was taking out redundancy insurance when it was first rumoured which meant that she received comparably full pay for a set number of years.
Agree. Update your resume and start looking! But recommend to wait until they lay you off so you can get servant package
Update your resume and start networking. Personally, I update my resume every year. It doesn't take much time to grab a coffee with someone to chat about career growth.
Take a deep breath. You’ve got this. It’s a good idea to have your affairs in order, but don’t let worrying take over your day. Just have a few plans ready in the back of your mind, and you’ll be prepared if anything comes up. No need to wait for warning signs to start thinking about it.
If you are concerned about losing your job, start looking for a new one ASAP, don't wait for them to act. With the way the job market is right now, it could take a while.
If you don't have an emergency fund, get one started, and try to trim your personal budget, if you can, until this is past you.
Find a job so you can escape. Just in case you need to.