What Will You Do If the Rest of Your Coworkers Are Leaving the Company?

Deciding to Go:

  1. Consult your boss. Ideally, your company’s management would let the staff know about any changes and announce strategies for dealing with them. If nothing is being said, ask your boss what they think about the recent turnover.
  2. Look around. You can also watch for common signs of a business going under. Unusual closed-door meetings, spending freezes, and shrinking client lists usually mean you need to take action.
  3. Reach out. Departing colleagues and contacts at other companies may be able to shed some light. It is not easy to find out your job is no longer secure, but you want to have as much time as possible to start planning.
  4. Consider your finances. Look at your monthly budget and prepare for likely scenarios. Maybe you can cut spending or pick up some contract work.

What to Do if You’re Staying:

  1. Expand your role. The upside of working at a company in turmoil is that you may be able to assume more responsibility. Volunteer for projects that your former colleagues used to handle. Take risks and grow your skills.
  2. Deal with ghost work. At the same time, you may have extra tasks assigned to you if no replacements are being hired. You can impress your boss by being willing to pitch in but ensure you have adequate resources to keep up with the increased workload.
  3. Monitor changes. Conditions may change rapidly. Pay attention to office conversations and social media activity.
  4. Update your resume. Even if you are not actively seeking a new position, lay the groundwork for a job search so you can move quickly if necessary. In addition to updating your resume, check your social media profiles, and put your professional network to work.

What to Do If You’re Leaving:

  1. Negotiate your exit package. If you quit voluntarily, you will probably give up eligibility for unemployment benefits and severance. You can still check if your company can provide any services such as outplacement assistance.
  2. Gather references. Another advantage of this situation is that you can ask your current boss for a reference immediately. If they are willing to write you a positive letter, you can include that with your job applications. You can also ask your boss and others for LinkedIn recommendations.
  3. Research other industries. Maybe you are still committed to your current career path, or maybe you’re ready for more significant changes. This could be an opportune time to explore other possibilities, especially if your industry is in decline.
  4. Prepare for interview questions. While you are probably not responsible for your company’s demise, you will need to discuss it at job interviews. Rehearse your responses with an emphasis on the positive aspects of your experience.

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Shawna Lake

Shawna Lake

Founder of Deep End Talent Strategies-keeping job seekers and employers connected to what the other side needs and wants in today’s job market.