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For example, if you currently work in the information technology division but fear this area could be outsourced to save costs, discuss a department transfer now. Perhaps you can stay on as in-house tech support or serve as the liaison with the outsource company.
Find an area that needs assistance and volunteer for a transfer. Make yourself even more crucial to the team by taking on extra projects, staying late, and volunteering to do the jobs no one else wants to do. Find out what skills your company needs to succeed. If you don’t have them, consider taking a night class (and let your employer know about the new skills you’re developing).
Don’t be afraid to discuss your fears with your employer. Find out what you need to do to keep your job. Also, evaluate the costs/benefits of asking whether a pay cut, reduction in benefits, or reduction in work hours can help you keep your job. Consider the pros and cons of how any of these options might affect you and your family financially. Offer to become part of the layoff transition team. You also might consider asking for early retirement, where your benefits might end up being better than if you’re involved in a mass layoff.
If you don’t have a strong relationship with your manager, develop one now. Ask for regular, brief meetings so you can update him or her on your projects, concerns, and new ideas. By being more visible and engaged, you might be seen as more necessary to the company and potentially avoid getting the axe. However, sometimes there’s nothing you can do to avoid a lay off, but you can prepare financially as best you can.