In this episode, Aaron Makelky, Dan Yu, and John Lovig cover how to navigate layoffs, whether you're watching them happen around you or going through one yourself.

Dan shares the numbers: over 1.1 million layoffs in 2025, a 54% jump year-over-year, making it the worst since COVID and the 2008 financial crisis. Tech, telecom, retail, airlines, and food service have all been hit. Amazon, Verizon, IBM, Starbucks, Meta, Microsoft, and UPS have made cuts, and seasonal hiring is down by about half compared to previous years.

The hosts offer practical advice for those seeing colleagues get let go. Dan recommends downloading your contacts, performance reviews, and any kudos emails while you still have access. These documents become critical when job searching. John emphasizes starting to network before you need to: coffee chats, reaching out to recruiters, or posting content on LinkedIn. Aaron's mental test: ask yourself what you'd wish you were doing right now if it had been you on that list.

John introduces the concept of "layoff fatigue"—the psychological and emotional toll of either enduring a prolonged job search or surviving multiple rounds of cuts at your company. The hosts discuss how this fatigue shows up in interviews (recruiters can spot cynicism immediately) and offer strategies for combating it, including finding joy outside of work, getting accountability partners, and maintaining perspective on what's actually within your control.

The episode wraps with a discussion on outplacement services—what they actually provide, the right questions to ask, and how to maximize their value, including the tip to pause services during slow hiring periods like the holidays.

For more resources, visit futureproof-yu.com.

Timestamps

0:00 – Intro
0:49 – The state of the 2025 job market: 1.1 million layoffs, 54% year-over-year increase
2:08 – Which job market numbers to trust (government data vs. ADP reports)
3:10 – Industries hit hardest: tech, telecom, retail, airlines, federal government
4:29 – Seasonal hiring down by half—what it signals about consumer spending
5:10 – What to do when you see colleagues get laid off
5:59 – Download your contacts, performance reviews, and KPIs while you can
7:32 – Start networking before you need to
9:25 – The difference between a transactional reach-out and a genuine one
11:10 – Dan's story: calling a laid-off client every few weeks for 18 months
13:02 – Take your laid-off boss out for a drink
13:51 – Update your LinkedIn profile during any company change
14:59 – Keep a file of thank-you notes for tough days
15:51 – What is "layoff fatigue"?
17:30 – Finding joy outside of work to reduce stress
18:33 – Layoff buddies: accountability partners for your job search
19:35 – Start a corporate alumni networking group on LinkedIn
20:28 – Can recruiters spot layoff fatigue in interviews? (Yes, immediately)
22:30 – "Bitter, angry, sad, and despondent is not sexy"
24:00 – Separating your identity from job search outcomes
25:40 – Locus of control: what you can and can't hold yourself accountable for
27:26 – Increasing your surface area for good things to happen
27:49 – Give LinkedIn recommendations as "lotto tickets with extra juice"
29:00 – Outplacement services: what they actually do (and don't do)
31:17 – Questions to ask about outplacement: success rates, coaching, databases
32:22 – Tip: pause outplacement services during slow hiring periods
32:35 – Outro and wrap-up

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