At JPMorgan Chase, technology will eat about 5,000 jobs. The financial firm is attempting to reduce expenses and replacing humans with tech processes has become a standard solution.
For Baby Boomers caught in that Reduction-in-Force (RIF) the survival mechanism is not to take the move personally. Tech, in one form or another, is there and not going away.
What's critical is that we have the resilience to keep revenue coming in, no matter what.
That might mean starting a small business such as dog grooming, along with our full-time positions.
When we get laid off, we don't take it easy. Immediately, even if receiving unemployment, we seriously hunt for the next job. During breaks from the workplace, our skills atrophy. There is a reason why employers hesitate to hire those out of work for an extended period.
There are also interim jobs. That might be working in a call center or selling smartphones retail. Few of those positions are career paths. But not only do they keep a stream of income going. They maintain our persona as workers. It's so easy to lose the hang of how to comport ourselves with bosses, colleagues and subordinates.
Therapists and coaches worth their salt usually tell those without work: Get a job, any job. That will position you to get a better job.