Job Insecurity: Stay or Seek? Navigating Layoffs and Career Choices

Description

• Harrison advises to start looking for a job if your firm is laying people off.
• Layoffs may be confined to corporate or specific practice areas.
• If you have a lot of work in a practice area with high demand, you're probably okay.
• Don't be afraid to look for a job; no one will find out.
• If your firm is laying people off in your practice area, it's the dumbest thing not to look for a job.
• Layoffs can happen suddenly, so prepare and take action in advance to protect yourself.

Transcript

Transcript:

Yes, you should. If your firm's laying people off, I would start looking for a job. Now the layoffs are sometimes confined to corporate or specific practice areas. If you have a lot of work and you're working with a partner with a lot of work, then you're probably okay.

You're okay if you're in a practice area with a lot of work. But if you are in corporate and your firm's laying people off, you should start looking for a job. And by the way, no one finds out you're looking for a job; you shouldn't be afraid to look for one.

If your firm is laying people off in your practice area, the dumbest thing you can do would not be to look for a job. It would help if you looked right away. So it would be best if you protect yourself, and these layoffs often come out of nowhere. They're not going to give you a fair warning that they're going to lay you off. Then all of a sudden, boom, you're gone. So you need to prepare yourself and take action in advance.