How to Reinvent Yourself After Being Laid Off | The Journey
Channel: GoDaddy
Date: 2020-02-05

How to Reinvent Yourself After Being Laid Off. Check out more The Journey content at https://bit.ly/GDTheJourney.

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0:46 Make a game plan
1:26 Brush up on your skills
1:55 Seek part-time work
2:19 Connect with recruiters
3:03 Cut expenses
3:38 Start your own business

Getting laid off and having to reinvent yourself later in life can be terrifying. What’s it like to have your career downsized at age 50? How can a more mature worker, comfortable in the familiarity of a job that lasted 10 or 15 years, cope with the sudden shift in work stability?

While it might seem daunting at first, such a change might actually be a golden opportunity.

When faced with a sudden layoff, what can older workers do to mitigate long-term unemployment and get back to work faster?

Given that the average older American experiences long-term unemployment after losing a job, these job seekers must do whatever they can to avoid this trend and keep money coming in. 

Here are some suggestions:

Make a game plan - Since “who you know” is still a big part of landing a job, brainstorm, network and get back out there as quickly as possible. 

Are there career connections that you’ve lost track of? And while it may not feel like it at first, a layoff can be an opportunity to brush up on skills.

Seek part-time work - While taking a pay cut or a lower job title might feel like a step backward, it is always better than being unemployed. It’s often tougher to land a job if you’re unemployed, so get hired somewhere as quickly as you can.

Connect with recruiters - They can be an immediate pathway to open positions. Recruiters can also help you revitalize a stale resume for today’s job market. Be open and honest with them about your desire to make a contribution quickly by getting back to work, even at a lower salary or lesser job title.

Cut expenses - Being strategic about outgoing expenses while using savings or severance is a necessity after a layoff. There are a variety of free budgeting tools online to help you crunch the numbers. Once you’ve established some budget cuts, it might even help with finding a lower-paying but more stable job.


Become an entrepreneur - Starting your own business might make you think of a brick-and-mortar storefront, but the truth is you can run a successful business from your home with low overhead and few initial out-of-pocket costs.

No matter how trends evolve, you never know if and when you might have to reinvent yourself in the workforce, so be prepared.

Have a game plan, including brushing up on the skills you need in today’s labor market.


Start saving at least 15 percent of what you earn, and look at trimming your expenses.


Build your network now so you can leverage it later. Get more active on LinkedIn.


Keep a pulse on part-time job opportunities.


If you have an idea for your own business, start figuring out how to make it a reality.

Unexpected changes can breed big opportunities. Be ready to embrace them.

The Journey is what everyday entrepreneurs, like you, need to follow in the pursuit of online success. Our experienced GoDaddy Guides are here to take you through all the steps, both big and small, that you encounter every day.

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