Wanted to know how many of you have secured employment after layoffs. I am in a bind right now and soon will be in big trouble if I don't secure employment. To those who say you want to be RIFd, sometimes I wonder if you would say it if you didn't have income for months on end. Hang in there everyone!
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Base between 135-140K after just under 20 years tenure. Educated slightly “vintage” top performer. Paying young folks fresh out of diapers around 100K. Times they have a changed, but I will earn those figures gratefully and be thankful because there are other countries who struggle to keep the lights on or feed mouths.
I was notified in Dec. and effective date was early Jan. I started looking in Dec., but that was probably pointless given the time of year. I took a break to clear my head and enjoy the holidays, and then started job searching nearly full time in Jan. Some days I spend 4 hours in job search-related activities (these days), and others I spend 7 to 8 (early on). Per advice from a friend, I do a detailed cover letter for jobs that I'm really interested in. I make a table with the responsibility on the left (What you need) and my experience on the right (What I can do for you) and drop that after my sig in a brief cover letter (if the application accepts cover letters). That took a lot of time at first, but it's gotten easier and faster since I have a response already written for pretty much anything the job description is looking for. I'm still looking, and for now am getting interviews. I'm in the running for 4 positions - one I've done 3 interviews, one I've done 2, one I've got the 2nd interview scheduled and one I've done 1 interview. As I saw someone else write, I am willing to go under my last salary, to an extent. (I wasn't making over $200k! :) And I am only applying to roles where my most recent experience is super relevant, and I'd likely be a top candidate. With 12 years tenure, I have decent severance and am very hopeful to land something before it runs out. Best of luck to you and everyone still looking. I hope something in the approach I take may be useful to you.
It took me 8 and a half months. Fortunate to have the 6 months of severance. My advice: In this climate, leverage your network. Talk to your old employers. Take a little pay-cut if you have to. I took a cut from $227k to $195k with less bonus percentage. Yes, I know I was paid well and am still being paid well, but it's all relative.
https://www.thelayoff.com/post/@bp+1jpjkgfze
You are lucky. I've been actively searching (doing like a job) daily for nearly 4 months, getting 3 screening interviews and finally gotten to a 3rd interview. It is hard.
Your manager didn't decide anything, they were simply forced to deliver the message.
For those who have secured employment what are your ages? I am mid 50s and am having no luck.
I gave up and am retiring years before I planned to. The job market is like the Wild West these days.
It took me 5 weeks to land a job, I treated finding a job like my new full time job. I tailored reach resume to each specific job, learned some tricks on how to make it easy. I then learned how to use linkedin to connect with recruiters for jobs I was very interested in and connected with people in my network for leads. I got 2 job offers and chose the best one. My advice, look at vendors that specialize in solutions for payers or providers.
Left Cigna on my own last year, secured a job in less than a month. Best decision I ever made (work wise). Good luck!
It took me 9 months.
I'm leaving Cigna by choice, so wasn't JE'd, but it only took me a month or so of looking in my new desired field to get an offer. Good luck!!
6 months of severance is really generous, why are you mad at cigna
Got chopped in October. Still haven’t found anything and my severance runs out mid May. Its getting harder and harder not to be pi$$ed at this company. 14 years down the drain bc a manager who never had a 1x1 with me decided I wasn’t chosen to stay.