How To Survive Tech Layoffs (5 Actionable Steps)

Getting laid off from a job is a terrible thing.

In 2023, there were 260,000 layoffs in tech. This year, about 74,000 workers have been laid off from 255 companies.

Such is the nature of this post-covid economy.

Everybody’s like, why all the layoffs?

Well, COVID happened and sent everyone home to work, which caused a huge tech demand for remote, cloud-based solutions. Companies had hired a lot of people. Budgets went up. Then, the market took a downturn, and last year, companies had too many people to pay. They wanted to survive the downturn, so they had to get rid of people.

That’s the simple answer.

It’s not AI yet, it’s not the end of tech or the end of programming; it’s just the economy.

The good news is the economy can only go up from here. My last video made the case that there is a beginning of an uptrend again in tech jobs. People pushed back by disagreeing because they thought that meant instantly. No. This kind of reversal takes time. But the trends are positive.

But that doesn’t make you immune from layoffs.

So in this article, I want to give you 5 actionable steps that you can take to put yourself in a good position in the unfortunate event that you get laid off from your job.

And the first one I have to mention before we get to the post-layoff steps really starts before any layoff…