Tech Layoffs: What You Can Do to Survive

2022 has been a rough year in terms of the tech industry. The overall stock markets are down, and as a result, incentive plans are less lucrative. The overall market, as a result of that, and interest rates going up have resulted in companies clawing back on their growth plans and conducting layoffs.
So today's video, I'm gonna tell you what you can do in terms of five simple things to help you survive the cut, whether you're at a large company or a small company.
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0:00 - Introduction to What You Can Do to Survive Tech Layoffs
0:44 - Layoffs are happening
In fact, there's this website that I've alluded to in the past that you can check out called layoffs.fyi where they aggregate all the latest news in the tech industry in terms of layoffs that have been happening both in big companies as well as smaller companies.
2:26 - Tip #1: Do this effectively
It means that in the case where you haven't been doing things when you tell your boss you're gonna be doing them, you need to start hitting the mark way more often.
This means something like if they are asking you to have something done by Friday, you're gonna check in with them on either Tuesday or Wednesday to give a status of where you're at in terms of working towards that particular project.
By proactively communicating where you are in your different projects, you are also kind of doing this thing where you're gradually building up trust with your boss in terms of being dependable.
5:30 - Tip #2: Make sure you are offering this
There's a couple different ways you can do this. On one level, you can start to do the work that's beyond what your immediate role is in terms of what you might be leveling up to. So in the case where you're an account executive at your company, it might mean asking your boss for some projects or initiatives that senior account executives might take on.
In other words, you're proactively taking on more than what your role is actually asking of you at that time. It can also mean though, doing things for the overall betterment of the company.
This is a great time for you to be demonstrating value beyond doing the thing that you are hired to do. It's also gonna make you more eligible for that promotion in the case where they are doing some layoffs, but they're also looking to promote people, to retain people.
7:17 - Tip #3: Make sure you are updated on this
It's a really important time for you to not feel that you have a great deal of loyalty towards your employer.
Ultimately, your employer is going to do what is best for their business and not what is best for you.
This could not be more true since the onset of, you know what, in 2020 when tons of people were laid off in their job is because there was a ton of uncertainty in the world.
And so do not expect your employer to take care of you regardless of how long you've been with them.
9:24 - Tip #4: This will give you an income safety
It's really important that in the case where you're currently in the situation where your job is the only way that you're making money, you start to think about different ways that you can offset or diversify the income that's coming in for you personally.
In the case where you can't come up with something, what I recommend you do is think about two or three skills that your friends are always saying you're really good at, and then try to productize a service around that.
10:56 - Tip #5: This tip will make you less worried
Build up your savings to be at least three months longer than they currently are for you right now. There's an enormous number of people that live paycheck to paycheck, and it's really not sustainable.
So a good starter tip for you here would be, you know, maybe just expand your savings by 10% the next month, and then see if you can go up to 20% from where you're currently at.
✍️ COMMENT BELOW:
What did you think about these tips? Do you have other tips on how to deal with layoffs?
Grow with Will is all about helping you grow your business, get more customers, and hone your business acumen. I teach you the real-world business skills you didn't learn in school to help take you from zero to self-starter.
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Disclaimer: Grow with Will does not provide tax, legal, or accounting advice. This video, and the ideas presented in it, are for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice.

[@huangzeyong]

why your english is so good ?

[@GrowWithWill]

You ask the same question every video?

[@huangzeyong]

c# do you know ? do well?

[@GrowWithWill]

What?