6 ways to save your job amid widespread layoffs

layoffs: Now’s the time when companies are looking for fresh talent to join their ranks. It’s also the time when seasoned professionals are awaiting the results of their appraisals. Many of those employees will get hefty pay raises, while some will be asked to leave the organization or shift to another function.

Meanwhile, more and more companies are laying off their employees due to various reasons. A Moneycontrol report says that 41 Indian startups have terminated the services of 5,000 employees in the first half of 2023. Even top MNCs like Meta and Amazon are asking some of their workers to go.

So, how do you save your job?

1. Research about your target company before joining it. Find out its history, who the promoters are, what is its market size and how fast the market and company are growing. This information will help you save your job for a long time.
2. Invest in your skills periodically. Talk to yourself and find out whether your skill matches your company’s future vision. If it doesn’t, pick up a skill which will be in great demand a few years from now.
3. Ask for KRAs or KPIs from your superior. These yardsticks help you track your progress and tell you where you are going wrong. Also known as targets in sales lingo, KPIs/KRAs are objective milestones that are set by the employee and his superior.

Are you adding value?

• You should add value to your team, department and the company daily. This value can be objective, like meeting targets, or something intangible, such as helping a teammate achieve her goals.
• Listen to your immediate environment and act accordingly. This environment can relate to your team, your superior or even your company.
• If you think you and your boss aren’t getting along well, consider joining a new team within your organization. However, you must talk to your superior before taking this step.
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