Layoff Alerts!

We have Google Alerts set up to let us know when companies are going through layoffs— you should too! In the last few days, more than 10 companies have been added to our sourcing list. Here are the companies we have heard are planning for or have recently gone through layoffs:

  • ExxonMobil

  • Chevron

  • Charles Schwab

  • Raytheon

  • Wells Fargo

  • Goldman Sachs

  • Salesforce

  • Allstate

  • CNN

  • Disney

  • Jackson National

What can we do with this information?

  1. Source candidates from these companies
    - Ask people in your firm to ask for referrals
    - Create feed lists
    - Search LinkedIn and reach out

  2. Make connections with people in your firm

    • Add one of those companies into the search bar on LinkedIn with a qualifying word. Example “Charles Schwab” AND “Business Development.” Then, filter to your ‘Location’ and ‘Connection’

    • You can also search LinkedIn by company. Type a qualifier into the search bar on LinkedIn, then go to ‘Company.’ Example: Search bar: “Business Development” AND “Athlete” | Current Company: Charles Schwab | Location: San Francisco Bay Area

    • Other filters you can use: Click ‘Past Company’ | Connection | Education

  3. Reach out!

    • Through a connection (internal to the firm or COI): “Hi {Name}, You may have heard that {company} has gone through some layoffs recently. I see that you are connected to {name} on LinkedIn, and while I am not sure if they were impacted by the changes, they are exactly the type of person I would like to connect with to share more about a career opportunity here at our firm. Would you be open to making an introduction?”

    • Cold outreach: “Hi {Name}, This may seem out of the blue, but I read today that your company {company} has been going through some changes. I wanted to reach out because while I am not sure if you are impacted, you are the type of person we like to talk to about career opportunities with our firm. Would you be open to a conversation this week?” Note: make sure to customize by adding something about them.

Many people have been impacted by the changing economy, and we can create a positive for both our company and their future by introducing them to this career. At the very least, both of you gain a new professional contact.

—This document and the information in it are provided for Northwestern Mutual Recruiters and Leadership Teams and may not be distributed to any other organization or used for any other purpose without written consent from Claire Myers Consulting.—