Guide

Guide

Guide

How to Make the Most of Severance: Leveraging Your Layoff for Career Growth

A layoff can feel like a storm, but storms clear space for growth.

The Onyx Truth Team

Editor

Getting Laid Off Is Just the Beginning

Let’s get one thing straight—a layoff is not the end of your career. In fact, it might just be the reset you didn’t know you needed. Yes, losing your job can shake your confidence and throw your routine into chaos, but it can also open up a new world of possibilities. This is your moment to pause, pivot, and power up.

As Black professionals, we often carry the weight of proving ourselves in workplaces that weren’t built with us in mind. So when a layoff happens, it can feel personal—even if it’s not. But this chapter isn’t about defeat. It’s about strategy. Growth. Rebuilding on your own terms.

Here’s how to take control, realign with your purpose, and use this time to thrive—not just survive.

Your Gameplan

1. Create a Post-Layoff Action Plan

Before jumping into applications, take a breath. You’ve got decisions to make—and options to weigh.

Assess Your Finances
How long can your severance and savings stretch? Create a realistic budget so you can make smart moves without panic driving the process.

Set Short-Term and Long-Term Goals
Think beyond just finding “a job.” What kind of work energizes you? What do you want more—or less—of in your next role? Write it down.

Update Your Professional Materials
Refresh your resume, LinkedIn profile, and elevator pitch. Make sure they reflect where you want to go—not just where you’ve been.

2. Upskill with Purpose

This is the perfect time to build new skills that align with your goals—especially if you're considering a pivot.

  • Look for certifications or courses that are respected in your field. Platforms like Coursera, LinkedIn Learning, or Skillshare offer flexible options for everything from project management to UX design.

  • Focus on future-proof skills like data literacy, digital tools, or emotional intelligence—things that will set you apart no matter your industry.

Pro Tip: If your company offered outplacement services as part of your severance, use them! Many include training stipends or free career coaching.

3. Expand Your Network Intentionally

Your next opportunity is more likely to come from a conversation than a cold application. This is the time to reconnect and build.

  • Reach out to former colleagues, mentors, or professional contacts. Let them know you’re exploring new opportunities and open to collaborations.

  • Attend virtual or local networking events. Focus on spaces that value diverse talent. Join professional associations, ERGs, or Black industry networks.

  • Don’t underestimate your lived experience. You bring perspective, resilience, and cultural insight that companies need. Own it—and make sure it shows up in how you tell your story.

4. Consider a Career Pivot

Sometimes a layoff is the universe nudging you in a different direction. What else have you always wanted to try? What if this is your moment to finally go for it?

Ask yourself:

  • Do I want to change industries?

  • Could I turn a passion into a business?

  • Is it time to move into a role with more impact or flexibility?

Talk to people in the field, test new waters through freelance or contract work, and give yourself permission to imagine something new.

5. Tap Into Resources for Black Professionals

Let’s be honest: not all job search advice is created equal. You need resources that understand your experience and affirm your brilliance.

That’s where The Onyx Truth comes in.

We’ve got your back with:

✅ Resume and personal brand coaching
✅ Access to culturally competent career counselors
✅ A community of Black professionals to share insights and support
✅ Tools to help you navigate bias and workplace dynamics on your own terms

You’ve Got This—and We’ve Got You

A layoff can feel like a storm, but storms clear space for growth. This moment doesn’t define you—it reveals you. You are talented, strategic, and worthy of opportunities that see your full potential.

So take the time to reset, reimagine, and reclaim your next chapter. Whether you’re building new skills, exploring a pivot, or finding a better fit, know this:

You don’t have to do it alone.

💼 Ready to rise stronger than ever? The Onyx Truth is here to help you move with intention, find alignment, and turn your layoff into a launchpad.

Let’s build something better—together.

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