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Being Laid Off and Pay Cuts Sucks!



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By : malcolm Ivinson    29 or more times read
Submitted 2010-08-19 00:33:55
Being laid off, if it happens to you really sucks but it may well be one of the finest things to take place in your life. OK, at the time you feel absolutely terrible and can be frightened of the future. You look around and speculate where your next employment is going to come from. Other businesses and companies in your zone of expertise all appear to be down sizing or making cuts also there is pessimism and doom far and wide. The account all around seems to be of people being laid off and wage cuts.

A lot of people, when being let go, feel for some reason ashamed and as though they have let their family down when in truth, the majority of the time, it has nothing to do with them or the excellence of their work. In today’s fast moving profit-making world, profession plus job change will take place a number of times in our working life. Being laid off is now just part of the corporate cycle. One more understandable consequence is to get angry and that is only expected. The thing is not to get bitter or take it like a personal insult. Like they state in the ‘Godfather Films’, “It’s not personal, it’s just business.” So don’t be bitter. Just move on with your life.

If you can, take a break and have a vacation even if it’s just for one day. Disregard your situation and just enjoy yourself and have some pleasure because you deserve it! To get the best out of this psychological trick you need to promise yourself and your loved ones that at the finish of your break, the day after, a new chapter of your life starts.

Your new chapter needs to make a start with a thorough assessment of where you are right at this time. How long will your money last? What are the priority payments you have to make? Is there economic help anywhere? A good idea is then to draw up a budget plan and stick to it. It’s easy to say but anxiety doesn’t help. Successful action will . Ask and answer these simple questions: Where am I now? Where do I want to go? How do I get there?

I’ve read reports as regards being unemployed and they talk about ‘finding out what you really want to do ‘ and then pursuing that. That may be OK for a few but most are in the place that they need a job and quick! They need to pay the mortgage or the rent and the kids require new clothes etc.

My viewpoint is that on this 1st day of your new chapter in life, you need to think that your employment is finding a job. Period. Sure there are chores around the home you could do but that will not find you work, will it. Set aside 5 or six days a week to look for work eight hours a day. That is at this time your occupation. Hopelessness and self-pity will not find you employment. It will simply lower your odds.

On this your 1st day of the new point in your life your 1st mission is to ask yourself, “Who do I know who could benefit me in some way, however remote, to find work.”

I’ve been laid off 3 times in my working life and it sucks. The worst was awful but it was one of the greatest things to happen to me. I was married with two children and living in a tied house and I got fired with no more than a weeks wage on severance. I had no funds, no employment and had to leave the house within a month. I visited the unemployment office and they had nothing for me. So I looked for ways to earn a livelihood and racked my brains as to who could assist me.

About three months before being fired I had taken out a life assurance policy to look after my wife and children. While looking at the policy and trying to figure out how to meet the payments it dawned on me that perhaps I could sell life insurance. I didn’t know anything concerning it but I made contact to see if this person could help me. The outcome was that I was employed as a life assurance salesman on a salary and I was able to raise a mortgage to acquire a home swiftly so I could move out of the tied house into one of my own.

From ostensible adversity a new start dawned and a new job at which I was extremely successful. Looking back of course it all appears so simple but at the time, I have to acknowledge, it sucks.


Not working in today's financial climate is challenging and it is difficult to keep your spirit up and have your priorities right when you have been cut. Willingness to get back out and look for work to begin with may be high but after a few rejections it starts to get whittled away. The answer is to on no account give up and to permanently be hunting for things you could do that you never thought about before.
Author Resource: Malcolm Ivinson publishes a website on How to make money from home businesses
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