Here's What Guarantees You'll be Laid Off

Here are seven signs that you or others in your company will be laid off. Now these signs can be subtle but so accurate. I posted about this before and these are some of the comments I received. Every point is accurate over the last year with my company got laid off last week 23% laid off. Yesterday all of this happened and then many people said that number six and seven are the greatest predictors. So if those happen to you, make sure you are ready Interviewing with other companies this is self made Millennial. I'm Madeline Mann. How do I know so much about layoffs? Because I'm a human resources leader who has seen this from the inside and has now turned into a job search strategist who has influenced millions of people to go from job seekers to job shoppers. You may have seen me on ABC News, Bloomberg, Wall Street Journal and more. Be sure to subscribe New Videos on Thursdays kicking us off with the first sign that your company may have layoffs soon is there are fewer job openings on the company's website. Keep an eye on the job board for your company's website. I recommend checking it every week or so if you catch the stench of a potential layoff, or at least every month just to stay abreast of where the company is allocating resources so you can notice anything funky going on. If the company typically has 10 or even dozens of roles and now there's just a handful, that's a big flashing neon sign that the honeypot may be drying up. Look at those roles too. If the only roles that are being hired right now are those Mad Hatter roles where that person needs to do several jobs in one and wear many hats or roles directly related to production and revenue, like customer support, sales and software engineers that may indicate that a layoff is imminent. If a company is about to do layoffs layoffs, they usually aren't going to invest in internal operations roles like accounting and hr. It will all only be roles that can help them make money or keep the lights on. The number two sign that a company may be laying off employees soon is perks disappearing. If they cut down on the free snacks, the gift boxes, the travel opportunities, the swag, whatever it is that can be a signal that they are trying to cut costs and and this is often one of the first places they look to do it. Suddenly the kombucha on tap runs dry. And that's your sign to update your LinkedIn profile stat. I'll link a LinkedIn profile checklist that is highly effective at ensuring your LinkedIn profile is an opportunity magnet. I'll link it below the third sign that your company might be considering laying you or your work bestie off is Competitors are letting staff go. Yep, when there's smoke, there's fire. If folks are struggling in your industry, there is a likelihood that those industry conditions could impact your business as well. Keep an eye on competitor news and be proactive to make sure you're in several interview processes should your company be next. Get your resume ready. I will link a free resume workshop with the most high impact winning resume formula. Folks go nuts for it. I will link it below. This brings us to the fourth sign that your company may lay off employees scrutinizing budgets. Now I don't want you to get too alarmist with this one because it is good financial hygiene to review expenses and see where things can be nipped and tucked. But it can be a sign of layoffs. Essentially, it will look like executives shrinking the budgets or asking a lot of questions about different expenses, proposing cutting certain things, and so on. Now, as I'm going through this list of signs that there may be a layoff which in these seven have happened to you before. Before you've been laid off. Write which numbers in the comments. Also, I've been laid off before. I was the head of hr. I was asked to stay and not leave the company and then I got laid off with more than half of the company. It was so brutal. I was really loyal to that company until the very end. And so if you want to hear that full story, I did write an article about it and I will link that below for that layoff. I I saw all of the signs that I'm naming here except for number three. Let's move right along to the fifth sign that layoffs might be imminent at your company and that is Leadership is leaving. Part of leadership's job is to shield you from all the behind the scenes drama of the business so that you can focus on the task at hand. They know the nitty gritty hoopla. So if the company is running out of funding, if the finances are shaky, if the grand strategy seems to be inherently flawed, these leaders will start leaving in pretty rapid succession and they will lose faith in the business. So when you start smelling something dead in the attic, it's time to look out for these other layoff signs and get moving on pursuing other opportunities. The sixth sign that a company may lay off employees is hiring is paused. Essentially, this is where headcount for roles that were approved are halted. This is a big flashing red warning sign that something is shifting in the business now. It could be that the company is about to pivot to be sold to have a bunch of layoffs or other outcomes. This one is a bit of a bigger, louder signal than some of the others on this list. And if you see this, you need to be in a place of job shopping, which is essentially where companies are coming to you and selling you on opportunities. Anyone can attract opportunities and offers through job shopping, so I will link a free class with strategies to land more offers and interviews. Rounding out with the number seven clue that a company is about to lay off employees. You're asked to write down your duties. This is a giant jumbotron sign that heads will roll soon. This means that you start getting lots of questions about your role's job description. The company leadership asks you to do this to understand what gaps there will be if the company eliminates you. This can help them determine how valuable you are and maybe keep you or help them divvy up your responsibilities among other employees, contractors, outsource firms, or eliminate those duties completely. While nothing on this list guarantees a layoff, this is a very glaring sign that something is afoot. My heart goes out to you. This is such an unsettling time for you. Be sure you are putting yourself in a powerful job shopping position where you are in control during this uncertain time. Like this video and subscribe to this channel. Let's go on this journey together. You've got this wi fi high five.