It’s tough hearing about more job cuts as the economy takes a downturn, but there’s a silver lining for those affected. Firstly, imagine getting a six-month salary as severance and then landing a similar job within two months. You’d enjoy a couple of months off and then essentially earn double for four months!
Secondly, being laid off might just be the push needed for some to switch careers, pursue further education, or start a new venture. Change, even when forced, can open up unexpected opportunities.
Being laid off isn’t easy, but adapting to this tough situation can ultimately make you stronger. For me, it turned out to be one of the best things that ever happened.
After sharing a newsletter, I received an email from a reader who had been laid off from a major tech company. Despite the bad timing, he used strategies from a guide I had recommended to negotiate a better severance package, which included a significant payout for Restricted Stock Units (RSUs) that were due to vest soon. He didn’t just stop there; he ended up securing the RSU payouts for all 2,000 employees being laid off, which amounted to about $40 million.
Bob’s story is a testament to the power of strategic thinking and organization. He didn’t just accept his fate; he saw an opportunity and made a calculated move. By directly communicating his concerns to the CEO and rallying his colleagues, he managed to change company policy and secure a win for everyone involved.
This story underscores the importance of asking for what you deserve and the power of collective action. Negotiating well is a critical skill, whether you’re advocating for a severance package, a raise, or even just trying to get your kids to bed on time. Understanding and empathizing with others’ perspectives can significantly boost your chances of success.
