Here are two scenarios for lay-offs and two strategies for each one. You need to be prepared for both.

1- A lay-off is imminent, but not everyone will be let go. Employees in this situation need to identify what you can do to make themselves indispensable and demonstrate the unique value that you bring to the organization, so that when the decision is made, your name will not be on the lay-off list. Volunteer to do extra work on a project that will be seen by senior management, and where you can demonstrate your unique skills and experience.

Involve yourself in projects where it will be appropriate to keep in contact and develop relationships with decision makers. In some situations it may be more difficult for senior leaders to lay off people they know and with whom they have developed relationships.

2- Be prepared to lose your job. Develop a plan to take care of yourself mentally, physically, and emotionally. See a financial counselor, and make a budget. Assess your assets, and as hard as it is stay in contact with colleagues. Let people know your situation and ask them to keep their ears and eyes open for opportunities. Talk to your family so that you don’t feel totally alone. Start developing new relationships with decision makers in other companies. It is important that as bad as things get, you don’t isolate.