Many factors contribute to the rising number of layoffs across the country: COVID, AI, and inflation have all given employees reason for anxiety. Meta, Microsoft, and Amazon are all implementing company-wide layoffs, and this national trend has recently hit home with Brown-Forman deciding to close its Louisville cooperage, laying off 12% of its employees. 

When faced with a layoff, it is important not to panic. After you have reviewed your severance package, applied for unemployment benefits, and asked for a written job referral there are steps that you can do to make the best of a bad situation. Here are 5 things you can do to successfully navigate a layoff. 

1. Review your budget. Your unemployment benefits may be substantially less than your previous salary. That means it is time to keep track of your spending, identify necessities, and (temporarily) cut back. If you need help making or revising your budget, set up a meeting with a Financial Empowerment Center counselor. 
2. Find stable health coverage. Health insurance is another concern for those recently laid off. COBRA coverage may not be affordable, but you may be eligible for coverage through Medicaid or KYNECT. Talk with a Health Navigator to guide you through the process, weigh your options, and find a new doctor. 
3. Build your professional network. Online, you can post your skill set and job search on social media sites like LinkedIn and Facebook to let associates know you are looking for work. In-person networks, like the Guild and Young Professionals, can also connect you to others who could help. 
4. Consider volunteering. According to the U.S. Bureau of Labor Statistics, the average time it takes to find a job after a layoff is around three months. Consider volunteering with a local nonprofit to stay active, establish a routine, and fill in gaps on your resume. Research has shown that volunteering improves mental health, provides a sense of purpose, and nurtures relationships. 
5. Explore a career change. This layoff may be a time to consider shifting to a different career field. Medical and skilled trades are in demand for new workers to keep up with industry growth. Explore new career options with a Workforce Development Coach.  

A layoff can be a huge shock—an abrupt end to a familiar employment experience. However, it can also be the beginning of an unexpected journey, and the Louisville Urban League is here to help along the path. 

The Louisville Urban League is dedicated to fostering economic empowerment in order to elevate the standard of living in historically underserved urban communities, with our focus on Jobs, Justice, Education, Health, Housing, and Black Business.

We provide many services, including job coaching, record expungement, health navigation, financial counseling, and support for small businesses.

For more information call (502)585-4622.