What is your contingency plan if you get laid off?

If you have been laid off before in the past, what did you do, and what would you do differently?

like
Posting as :
works at
You are currently posting as works at

Always be looking. Been laid off twice, both times it came from nowhere and I was not prepared emotionally for the job search afterward.

like

That’s another life lesson PWC1...there’s always something better for you out there 😉

I was laid off years back. Market/company issues.

Laid off once, luckily was given a 6 month notice my position was expiring (being outsourced to cheaper employees in India). Gave me enough time luckily, but really hit me in a weird way emotionally. Felt very personal and threw me off. Taught me to save and I’m always looking for jobs to understand the market

like

Consulting is always hiring.... may just have to shift firms and get back on the road.

Also I'm updating my resume and starting to look for cherrypick roles in case i need to get in a pipeline.

like

I could live off of my savings frugally for 2 years

My plan is to live with this person

like

Funnel energy into my pending patent. Being laid off means my employer doesn’t have any potential claim to it. Also get unemployment

I’m gonna take a really long and nice nap

Related Posts

Has anyone been able to negotiate anything extra or terms when being laid off?

like

My boss fired me because i ask for clarification on my employment right.

I got hired not long ago. I realise some of the employee benefits i was told (missing in the contract) contradict with what’s stated on the law. So i email the boss about it and ask for clarification. Immediately after the email i was fired.

Just want to make sure people know this and don’t apply jobs in this shady company- it is called UniQ Biotech, in Delta, BC, Canada

Post Photo
like

Should people be fired for lack of people skills?

like

Hey team! So I was laid off from my SDR position about a week ago. A couple months back, I had an offer for a BDR position that I ended up turning down but I really liked and connected with the manager. Is it worth it to reach out? I applied to other positions in the same company. What about reaching out to previous co workers at a different company? Not sure how to navigate this… please help. Also I’m sorry if this is the wrong bowl to post in.

like

Hi!!
I am looking for a referral for Marketing/Product management role, lost previous job in a layoff.
YOE: 2.5

like

Wondering how Accenture is doing with layoffs? Is it a viable company to consider?

like

Have a big interview tomorrow. The question I dread the most is about why you’re looking for a new job. The honest answer is that there isn’t enough work to go around at my agency and I want to get ahead of the inevitable layoffs. What’s the best way to tell them this? Do I just make something else up entirely?

like

After you are stealth laid off, other than job search, what do you do? I assume they won’t give you work and even if they do, you can politely decline? How do you feel about you are not progressing anymore and seeing other people progressing in their career? I have no intention to make partner, but still feel a bit stuck not doing that much.

like

Having tough time deciding between IB & Consulting. My thought process: I have a "better" background for IB (TAS/valuation) and with tech layoffs, this might push more potential would-be tech applications to pursue consulting (there by increased competition)? Additionally, you can do IB intern and full time consulting but not vice versa. I prefer consulting, but IB seems like the "safer" option? And if consulting does get hit hard, I would hopefully have a full time IB offer via internship.

like

Let’s talk about wrongful termination. The other day I was fired in the middle of the day without any warning. My colleagues called me because they were confused on why the Talent Manager dismissed me from the chat. I didn’t know what they were referring to. So I called my PM to ask what was happening, and she said that she just got off the phone with the TM and said they were terminating my contract on the spot due to me speaking up about micromanaging. No explanation just kicked out. Advice?

like

Tired of this constant grind and constant layoff situation in NYC. Thinking of making the move to LA. Any thoughts? Yay or nay?

like

Hi fishes,
Has coforge fired any employees in 2022?

Hi fishes,
Looking for a job change in sales industry, currently working with byjus and having to much toxic environment these days due to layoffs . Kindly recommend .

like

If we are billable on project in nagarro do we need to worry about recession for now .
One more question:
What is nagarro planning how to handle recession:
Lay offs or salary cut or stop increment.

Please anyone from leadership reply

Didn't have top grades, wasn't on law review. Worked at a midsize firm and was laid off in march-- have about 3 years experience in a hot practice area. Have been applying and had some interviews at larger shops but nothing has come of it. I'm still applying to roles (not many out there) in my area but coming to the realization based on number of larger firm rejection letter that I may not find a role. Where would you go from here if you were me? Was making good money at the midsize...

like

Does Deloitte provide ‘reason for leaving’ during background check ? I was laid off by Deloitte US during first Covid wave. Deloitte

like

History of BCG layoffs anyone?

like

Will there be any impact in Fidelity Investments due to recession? Will there be any job cuts? Please update.

like

More layoffs last week at Leo B. Seems they went after more Seniors & $alaries. Thank you France.

like

More Posts

Other than Airbnb, what is the best way to find month to month rental options?

like

Need a morning workout buddy

like

People on bench , how are you spending your day/time? Please share some stuff so that it can help/motivate others like me.

like

Anyone have any tips on finding great content creators? Ty in advance!

Does anyone know how the ease or difficulty of moving from business services tax (partnerships, private equity etc) to transfer pricing?

like

Has anyone created live dashboards via Data Studio instead of Tableau? Thoughts?

Thoughts on Spotify after the dip?

like

I’m a new contracts lawyer and am trying to learn how to harmonize indemnification with LOL. Any tips or resources? I know this is a broad question, but would appreciate any direction on what questions to ask when reviewing a K to do this.

like

Anyone with a Bajaj Allianz policy? I had one 10 years ago that is maturing this month and want to figure out how I can ensure it gets transferred to my account. It is so hard to use their website or do anything with it, to get access to a help desk!

likehelpful
likehelpful

My dilemma… I am an injury adjuster at a carrier experiencing high inventory that’s barely manageable. A competitor offered a higher salary and manageable workload. BUT, I would like to get into underwriting. I applied for UW position w/ a different carrier and they’ve made an offer. It’s lower than my current salary and significantly lower than what I’d make by taking the first offer. Do I take the high salary and stay in claims or go for UW in hopes it will be best in long run?

like

Accenture lateral joiners! What all to expect as part of joining kit? Accenture Accenture India

like

There are advisors who present themselves as a financial planner first and investment manager second. Which one are you?

like

I have been promised a promotion three times now, but when the time comes, I'm told I'm not there yet. Why promise something if you clearly don't want to execute it?

like

I love that the Ukrainian Ministry of Defense is quoting Monkey D. Luffy.

Post Photo
likeupliftingfunny

What causes a coin to suddenly spike 100%+ in value in a matter of hours? I mean how does demand collectively sky rocket - seems unlikely that so many people would have a coordinated buy?

How do people like EY consulting in general? Any facta on their size/standing among other B4? EY

like

I have never done freelance work and was given the opportunity to take part in a cool project. My problem is it’s a proactive case by a brand new agency and it’s their own project, meaning there’s no client who pays for the work. For them it’s PR for their new business, but I think they’re expecting me to work completely pro bono. It does have potential for a great case and I’d love to have it in my portfolio, but is it reasonable for them not to compensate me? Any tips on how to approach this?

like
like

My motto is if it makes the sale go faster, I’ll stage it using my home décor skills. In return this means $$$$ in my pocket and referrals.

like

Additional Posts in Consulting

For McKinsey PEI (power round), should my stories be around 5-6 minutes containing a good level of detail, or really generic (~2 minutes) and just let the interviewers ask me questions on what they feel are most important to them? I’m really eager to present the details because I think these are elements that can show my fit with the company well, but am hearing some people say that >2 mins people get lost. But some details are important to provide background (industry specific)…

like

For those who interviewed for FAANG, Snapchat, TikTok or other tech companies, do they typically offer signing bonuses, like consulting firms? Or if asked for one, do they usually give?

like

I know I'm a seasoned consultant because I know the locations of the best plugs in airports across the country. I can't decided if I'm proud or sad to possess such knowledge.

like

Thoughts on ECG? Reputable firm? (SoCal area)

What exactly do you guys do in consulting?

funny

Anyone work or know someone at E*Trade? Curious to hear about their culture and benefits

like

Owe ~$4,500 in taxes for 2020. Anything I can do to reduce this amount? Going to contribute some extra money to 401k to get me to 19,500 for the year. Anything else?

like

Looking for book recommendations; any favorites? Interested in both fiction and educational/self-improvement (for example, investment / finance books, time management, etc). I feel my vocab is...

like

Notice there are so many people with debate experience in consulting. Kinda impressed. Any highly recommended books related to debate or communication in general?

like

You know it's a slow week when the highlight is when your comment to a fishbowl post gets more upvotes than the initial post

like

Is 55k as a new hire associate too low?

like

Resume writing tip: how to make “conducted client workshops to communicate and gain agreement on recommendations” sound more impactful?

likesmart

Looking to switch into smaller consulting in Chicago. Currently working in SAP, but looking to get more into strategy. Which consulting firms should I look at? Hopefully better benefits, bonus, pay, etc.

like

This just in: Uncle Ernie telling us how shitty of a year we had and that they're stripping our firm-wide holidays so that we can be utilized more and reach our vision 2020 goals!

like

What is a perfume that men find irresistible?

likefunny

What should I be doing to make myself more marketable for a future switch from federal to commercial consulting? Is there anything I should be doing currently while I’m federal to improve my exit opportunities?

like

I’m considering a move to Chicago from Minneapolis. So what are peoples thoughts about Chicago? A friend suggested I rethink it because of ridiculous traffic and gang crime starting to infiltrate the north.

like

How hard is it to crack 700 on the GMAT?

like

Lots of us are skilled at delivery but most sales books seem to focus on the pitch and closing... What are your best resources for learning to develop and nurture strong, lasting client relationships?

like

When giving your salary expectations, do you say one number, or do you give a broad range?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal