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Psychology / Job Layoffs

Redundancy — losing your job in a layoff — is difficult for most people. I’ve worked with many people who have been made redundant and struggled with the aftermath. On the whole, these individuals have been hard workers, intelligent, and loyal to their companies; when the hammer finally fell, they often went into an emotional tailspin.

After the initial shock, and even though many had been compensated well for losing their job, it’s interesting to note money became the least important factor.

What really mattered was suddenly losing direction and meaning in their lives. Without work, they became unsure and lost.

One executive I worked with received a very healthy financial package when he’d been made redundant. With money and time on his side, he could have used this opportunity to take his family away for a long-needed vacation, something he hadn’t done in many years. But instead, all he started to focus on was, “I should have done better at my job. I’ve failed.” This became his daily mantra and within a week he started to become very depressed.

His sense of self had been totally shattered by this turn of events. He’d worked with the same company for twenty years, he was the VP of a large multinational company, and his identity was wrapped up with what that meant: the power, the prestige, and the financial trappings that came with the title. In his eyes, he’d absolutely failed, therefore he was a total failure. Period.

Chosen excerpts by Job Market Monitor

Capture d’écran 2013-05-19 à 10.06.12

via Job Layoffs: The Aftermath of Redundancy | World of Psychology.

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