Lay Offs – Part 2

Are you afraid of a possible layoff?

Although many people are getting laid off, your job may not be in jeopardy. Discuss the situation with your manager.  You may discover that your fears are unfounded. If so, rejoice, give thanks, and ask for ways to improve your job performance. If, however, you discover that a layoff is coming, take time to prepare yourself emotionally and financially. Immediately cut back discretionary spending so shelter, utilities, cars, and essentials are covered. You might benefit from the crisis budget on our website. Know your bank account balances, the date your CDs mature, and other investments that could be converted to cash if needed quickly. If you have adequate savings, don’t blow it on a vacation. Take care of yourself but with a frugal mindset. Update your resume and LinkedIn profile and take note of any job opportunities.

When laid off, notify business contacts and friends who may be able to help. Don’t burn bridges or dishonor your former employer. Though humbling, a layoff may open a bright new future for you. Crown has an assessment called Career Direct that can steer you in the right direction. Use your time wisely. Read, research, and study companies you believe would be a fit for you. Update skills and acquire new ones. Prepare yourself for future interviews. Pray with trusted friends and ask God to work in ways beyond your comprehension. “Be strong and courageous. Don’t be frightened or dismayed, for the Lord your God will be with you” (Joshua 1:9) – even in a layoff. 

And if you’re wrestling with credit card debt, Christian Credit Counselors can create a management plan specifically for you. For more information call the Crown Helpline: 800-722-1976 or visit online at crown.org/ccc.