What the Job Market Looked Like When I Got Laid Off Last Fall

A person sits at a desk, looking concerned, with a laptop open showing numerous job application portals or emails.

It’s a strange feeling, isn’t it? That moment when the world tilts on its axis, and the familiar ground beneath your feet suddenly feels like quicksand. For me, that moment arrived on a crisp Tuesday morning last fall. The kind of autumn day that usually fills me with a sense of cozy anticipation for the holidays, but this time, it heralded something far less comforting: a layoff.

I’d been with my company, a well-established firm in the consumer goods sector, for over fifteen years. I loved my role in strategic planning. It was challenging, engaging, and I genuinely believed I was contributing to something meaningful. We’d navigated economic downturns before, tightened belts, and always emerged stronger. So, when the calendar invite titled “Important Business Update” popped up with little notice, a flicker of unease sparked, but I mostly brushed it aside. “Probably just another re-org,” I thought, the kind that shuffles names on an org chart but leaves your day-to-day largely intact.

I was wrong. So very wrong.

The Unceremonious Exit

The meeting was brief, impersonal, and conducted over a video call. My manager, looking uncomfortable, read from a script. Words like “restructuring,” “economic headwinds,” and “difficult decisions” floated past me. Then the kicker: “Your position has been eliminated, effective immediately.” Just like that. Fifteen years, countless late nights, successful projects, and dedicated service, all condensed into a sterile, five-minute digital farewell.

My immediate reaction was a numb shock. I remember nodding, saying “I understand,” though I didn’t, not really. How could this be happening? We had just celebrated a successful quarter. My last performance review was glowing. The questions swirled, but the call ended before I could articulate any of them. My access to company systems was revoked within the hour. It felt brutal, like being an unceremoniously ejected passenger from a moving train.

Then came the wave of emotions: disbelief, then a hot surge of anger, quickly followed by a profound sadness. And fear. Oh, the fear. It coiled in my stomach, cold and heavy. I was in my late 50s. The thought of re-entering the job market, a landscape I hadn’t navigated in over a decade and a half, was terrifying. What did the job market even look like now, especially for someone with my experience level?

My first practical thought, once the initial shock wore off enough for my brain to function, was about finances. I had a mortgage, college tuition for my youngest still a consideration, and the general costs of living that don’t pause just because your income does. The severance package was decent, not spectacular, but enough to provide a small cushion. I immediately started calculating how long it, combined with my emergency fund, would last. It was a sobering exercise. That “what if” scenario, the one financial planners always tell you to prepare for, had just become my reality.

Facing the New Reality: Unemployment and the Job Search Begins

The first few days were a blur. Telling my spouse was hard, but their support was unwavering. Telling my kids felt like admitting a failure, even though I knew intellectually it wasn’t my fault. There’s an identity that gets wrapped up in what you do, and suddenly, a large part of my identity felt erased.

Filing for unemployment benefits was a surprisingly humbling experience. The online forms, the waiting, the feeling of being a statistic. It was necessary, of course, and I was grateful the system was there, but it underscored my new, unwelcome status. It also lit a fire under me. I was determined not to rely on it for long.

My initial foray into the job search was optimistic, almost naive. I updated my resume, polished my LinkedIn profile, and started browsing job boards. I had a strong track record, a good network (or so I thought), and years of solid experience. “This won’t take too long,” I told myself. “A few weeks, maybe a couple of months.”

That optimism soon collided with the harsh realities of the job market in the fall of 2023. It was nothing like I remembered. The landscape had shifted dramatically.

The Brutal Truth of the “Last Fall” Job Market

The first thing that struck me was the sheer volume of applicants for every role. LinkedIn would show hundreds, sometimes thousands, of applications for positions that seemed like a good fit for me. It was like shouting into a hurricane; my carefully crafted applications felt like they were disappearing into a void.

Then there was the phenomenon of “ghost jobs.” I’d spend hours tailoring my resume and cover letter for a promising role, hit submit, and then… silence. Utter, deafening silence. Sometimes, the job posting would vanish a week later. Other times, it would remain open for months, seemingly without anyone ever looking at the applications. I learned later that some companies post these to gauge the talent pool, fulfill HR requirements, or simply forget to take them down. It was incredibly frustrating and a huge drain on my time and morale.

Hiring processes themselves had become marathons. What used to be a two or three-interview process now often involved five, six, or even seven stages, spread out over weeks, sometimes months. There were initial screenings, hiring manager interviews, panel interviews, technical assessments, presentations, and then more interviews with senior leadership. Each stage required significant preparation, and the long waits between them were nerve-wracking.

I remember one particular process for a Senior Strategy Manager role. It seemed like a perfect fit. I went through an HR screen, an interview with the hiring manager, a take-home assignment that took me the better part of a weekend, a presentation of that assignment to a panel of four, and then a final interview with the Vice President. Each step felt positive. The feedback was encouraging. Then, two weeks after the final interview, an automated email: “Thank you for your interest, but we’ve decided to move forward with other candidates.” No personal feedback, no explanation. Just a digital door slammed shut. It was deflating.

Another unsettling trend was the salary discussion. Often, salary ranges weren’t disclosed upfront. After investing significant time in multiple interviews, I’d sometimes find that the compensation being offered was considerably lower than my previous earnings, and frankly, lower than what the role and my experience warranted. It felt like companies were leveraging the uncertain economic climate to suppress wages.

And yes, I did wonder about age. It’s an uncomfortable thought, and no one ever says it outright, of course. But when you see roles you’re perfectly qualified for go to candidates with visibly less experience, or when you get that vague feedback about “cultural fit” after an interview where you felt you connected well, the question creeps in. Was my extensive experience, which I viewed as a huge asset, being perceived as “too expensive” or “not agile enough” in some quarters? I couldn’t prove it, but the nagging feeling was there, adding another layer of complexity to an already challenging search. I made sure my resume highlighted my adaptability and recent achievements, but the doubt lingered.

The emotional toll of this relentless cycle – hope, effort, silence, rejection – was significant. Some days, it was hard to get out of bed. The constant stream of rejections, or worse, the complete lack of response, chipped away at my confidence. I started to question my skills, my experience, my worth. This was, perhaps, the toughest part of the unemployment journey – battling the internal voices of doubt.

It made me think a lot about the future, too. If this was the market now, what would things look like if the predicted economic slowdowns continued? The term layoffs 2025 started appearing in articles I read, and it sent a shiver down my spine. My experience last fall felt like a canary in the coal mine, a warning that job security was more fragile than many of us wanted to believe.

Adapting and Pushing Forward: My Strategies and Small Victories

After a couple of months of what I can only describe as flailing, I realized my initial approach wasn’t working. Mass applying was yielding nothing but frustration. I needed a new strategy. I decided to focus on quality over quantity and to lean heavily into networking – something I’d always found a bit transactional, but now recognized as essential.

1. Networking with Purpose:
I started by making a list of everyone I knew: former colleagues, old college friends, contacts from industry events over the years. I didn’t just ask for job leads. Instead, I asked for informational interviews. I’d say, “I’m exploring new opportunities and respect your insights into [their industry/company]. Would you have 20 minutes for a virtual coffee so I can learn more about current trends and challenges you’re seeing?”

This approach was far more effective. People were generally happy to share their knowledge. These conversations gave me valuable insights into what companies were really looking for, often uncovering unadvertised needs or upcoming roles. It also helped me stay connected and feel less isolated. One such conversation led to a freelance consulting gig for a few months, which was a godsend for both my finances and my morale.

2. Revamping My Professional Brand:
I took a hard look at my resume and LinkedIn profile. Were they truly reflecting my value in today’s market? I hired a career coach for a couple of sessions, specifically one who specialized in professionals with significant experience. It was an investment, but worth it. She helped me reframe my experience, focusing on quantifiable achievements and impact, rather than just listing duties. We tailored my resume to be more ATS-friendly (Applicant Tracking System), ensuring it contained the right keywords for the types of roles I was targeting.

My LinkedIn profile became more than just an online resume. I started engaging with posts from industry leaders, sharing relevant articles with my own insights, and writing a few posts about trends I was observing. This increased my visibility and positioned me as a knowledgeable professional, not just a job seeker.

3. Continuous Learning and Skill Refreshment:
The job market had evolved, and so had the required skills. I noticed many roles asking for experience with newer analytics tools or project management software. I invested time in a few online courses on Coursera and LinkedIn Learning. It wasn’t about becoming an expert overnight, but about showing willingness to learn and adapt, and adding fresh skills to my toolkit. This also gave me something positive to focus on and a sense of accomplishment during the long stretches of job searching.

4. Interview Preparation – The Deep Dive:
I stopped treating interviews as just Q&A sessions. For every interview, I did extensive research on the company – their financials (if public), recent news, strategic initiatives, and their leadership team. I prepared specific examples using the STAR method (Situation, Task, Action, Result) for common behavioral questions. I also prepared thoughtful questions to ask the interviewer, not just about the role, but about the company’s challenges and opportunities. This showed genuine interest and engagement.

One interview included a case study presentation. Instead of just doing what was asked, I went a step further, incorporating market data I had researched myself to support my recommendations. The panel was visibly impressed with the extra effort. While I didn’t get that particular job (it came down to two of us, and they went with an internal candidate), the positive feedback was a huge confidence booster.

5. Maintaining Routine and Mental Well-being:
This was, perhaps, the most crucial strategy. It’s so easy to let the days blend together when you’re unemployed. I forced myself to maintain a routine. I’d get up at a regular time, exercise (even just a walk), dedicate specific hours to job searching and networking, and then allow myself to switch off in the evenings. I reconnected with hobbies I’d neglected. I made sure to spend quality time with family and friends who provided incredible support.

I also allowed myself to feel the disappointment and frustration, but I tried not to dwell on it. Talking to my spouse, a trusted friend, or even journaling helped process these emotions. I learned that resilience isn’t about not falling; it’s about how you get back up.

A Glimmer of Hope, A New Path

The job search journey last fall and into the early winter was a marathon, not a sprint. There were many false starts and dead ends. But slowly, with persistence and the adapted strategies, things began to shift. The informational interviews started yielding more concrete leads. My revamped application materials seemed to be getting more traction. I was getting more first and second interviews.

The freelance consulting gig I landed through a networking contact was a turning point. It wasn’t a permanent role, but it got me back in the game, using my skills, and earning an income. It also reminded me of my capabilities and restored a lot of my battered confidence. It showed me there were other ways to leverage my experience beyond a traditional full-time job.

Then, in late winter, a connection I’d made during an informational interview months prior reached out. Her company was creating a new role, a senior project lead for a major strategic initiative. It hadn’t been advertised yet. Because we’d had a good conversation and I’d followed up thoughtfully, she thought of me. The interview process was still rigorous, but it felt different. There was a sense of mutual exploration rather than a one-sided evaluation.

After several rounds of interviews, I received an offer. It was a strong offer, for a challenging and exciting role that leveraged my experience perfectly. The relief was immense, almost overwhelming. The long, arduous journey through the difficult job market of late 2023 had finally led to a destination.

Lessons Learned from the Trenches

Looking back at that tumultuous period, I learned so much – about the job market, about myself, and about navigating uncertainty. Here are some of the key takeaways from my personal experience:

1. The Job Market is Fluid and Unpredictable: What you knew about job searching a decade ago, or even a few years ago, may no longer apply. Be prepared to learn and adapt constantly. The rise of AI in recruitment, remote work dynamics, and shifting economic priorities mean the landscape is always changing. My experience last fall showed me firsthand how quickly things can turn, and how employer leverage can increase in a tighter market.

2. Your Network is Your Lifeline: I can’t stress this enough. Meaningful connections are invaluable. Don’t wait until you need a job to build or nurture your network. And when you do reach out, focus on building relationships and seeking advice, not just asking for jobs. Genuine connections lead to genuine opportunities.

3. Financial Preparedness is Non-Negotiable: My emergency fund was a lifesaver. It didn’t remove all the stress, but it bought me time to find the right role, not just any role. Review your finances regularly, build that cushion, and understand your expenses. Knowing your financial runway provides a crucial sense of control during uncertain times. It’s a lesson I’ve always known intellectually, but experiencing a layoff drove it home with visceral force.

4. Resilience is a Muscle: You will face rejection. You will have bad days. It’s part of the process. The key is to not let it define you. Acknowledge the feelings, learn from setbacks, and keep moving forward. Every “no” is one step closer to a “yes,” as cliché as that sounds. For me, maintaining a routine and focusing on small, achievable daily goals helped build that resilience muscle.

5. Your Experience Has Value, Learn to Articulate It for Today’s Market: If you’re a seasoned professional, don’t discount your years of experience. However, you need to frame it in a way that resonates with current employer needs. Focus on recent accomplishments, adaptability, and how your experience can solve their specific problems. Sometimes, this means getting help from a career coach or trusted mentor to see yourself through a fresh lens.

6. Be Open to Different Paths: My freelance gig was unexpected, but it was a crucial bridge. Don’t be afraid to consider consulting, contract work, or even a “bridge job” that might be slightly different from what you’ve done before. It can open new doors and provide stability while you continue to search for your ideal permanent role, or you might find these new paths surprisingly fulfilling.

7. Self-Care Isn’t a Luxury, It’s a Necessity: A prolonged job search is stressful. It impacts your mental, emotional, and even physical health. Prioritize activities that recharge you and keep you grounded. For me, it was exercise, spending time in nature, and connecting with loved ones. Without this, the journey would have been exponentially harder.

Looking Ahead: Navigating Future Uncertainties

My experience of being laid off last fall and navigating that challenging job market was a stark reminder that the world of work is constantly evolving. The anxieties I felt then are mirrored in the conversations I hear now about potential layoffs in 2025 and ongoing economic uncertainties. While I’ve landed on my feet, the experience has fundamentally changed my perspective on job security and career management.

I’m more proactive now about keeping my skills current, nurturing my network even when I’m comfortably employed, and keeping an eye on industry trends. I also have a renewed appreciation for financial prudence and the importance of having multiple “safety nets” – not just financial, but also in terms of skills and connections.

If you find yourself facing a similar situation, know that you’re not alone. It’s a tough road, no doubt. But it’s also a journey that can reveal incredible strength and resilience you might not have known you possessed. My story is just one among many, but I hope that by sharing my specific experiences – the shock, the fear, the frustrating realities of the job market I encountered, the strategies I tried, and the lessons I learned – I can offer some small measure of encouragement or a practical idea to someone else walking this path.

The job market may be challenging, but with persistence, adaptation, and a focus on what you can control, it is possible to navigate through the storm and find your way to a new shore. My journey last fall taught me that, above all else.

Picture of Emily Johnson

Emily Johnson

Emily is a Midwest mom of three with a passion for stretching every dollar. With over a decade of experience managing household finances on a single income, she shares real-world budgeting tips, family savings strategies, and financial advice that actually works in everyday life.
Picture of Emily Johnson

Emily Johnson

Emily is a Midwest mom of three with a passion for stretching every dollar. With over a decade of experience managing household finances on a single income, she shares real-world budgeting tips, family savings strategies, and financial advice that actually works in everyday life.

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