Companies downsize and restructure, and if you are reading this from a seat in the financial services industry then you know that this cycle is probably about to start soon if you haven’t already seen some movement on this already.

If your company is downsizing and you got a tap on the shoulder informing you that your team is being consolidated and there is no place for you or, in a more extreme fashion, they even marched you out of the building, then what should you do? Recover.

You are faced with choices, albeit unconscious sometimes, of how to recover and to move on and up to bigger and better. This is an opportunity. Frame it that way, do not take it personally.

Yes, there are many emotions and thoughts involved with this type of situation. The best thing you can do is let go of any negative emotion (anger, bitterness, etc.) and list what you enjoyed most and what you enjoyed least about both the job itself and the company culture. This will help you figure out what is next for you, professionally!

If you have any kind of financial cushion, make a promise to yourself that you will not make rash decisions and instead take the time to reflect on what you really want to do next.

What do you really want? More satisfaction, more time, more flexibility, more money, a different title, a different industry? What do you want less of? What is on your “should” list?  Defining that is a great way to purge what you think you have to do, as opposed to want you actually want to do.

These are all elements that you can now think about as maybe it is time to go up the ladder or take a lateral move?  Either way, now is ultimately an ideal time to figure out what you want and what works for you at this juncture as last time you interviewed for a job, you might have been in a different place in your life. Not least, you have a chance to think about your enhanced skillset since that last time around.

If you need a coach to help you navigate what is next, we offer coaching services and you can have a free exploratory call to see if coaching is for you with Nicki Gilmour, head of theglasshammer and certified coach by booking a time here.