Skip to content
WebMD: Better Information. Better Health.
Other search tools:Symptoms|Doctors|Videos
Font Size
A
A
A

Surviving a Layoff


WebMD Commentary from "Marie Claire" Magazine

By Lea Goldman
Marie Claire magazine logo
You worked late and did everything right. But your company pink-slipped you anyway. Now what? Three women prove there is life after losing your job.

Here's a stark news flash: The pink slip is back, big time. Call it the latest grim reminder of these hard times, alongside $4-a-gallon gas prices and higher prices on everything from Cheerios to chicken wings. In March, the ranks of the nation's unemployed swelled 434,000 to 7.8 million, largely due to layoffs. Wall Street has already shed 34,000 jobs since last summer; Dell will axe 8800 by year's end. What those numbers don't reveal are the many women who've discovered an upside to being downsized. Their take? Don't panic. It is quite possible to thrive post–pink slip.

Melissa Afromowitz, 27, former Wall Street investment banker
Melissa Afromowitz tensed up when her boss popped her an e-mail shortly after she arrived at work at 6:30 one crisp morning in early March. "Are you around?" he wrote. "Do you have time to chat?" He summoned her to another floor, where she found him alone, in a vacant office, no computer on the desk, no pictures tacked to the walls. He told her she was a solid employee, a hard worker, but that the market had soured and the firm had to cut costs. She tried to hold in the tears, clenching her teeth so she wouldn't cry. "I didn't want to seem weak in front of him," she admits. Afromowitz could tell he was uncomfortable, looking away as she struggled to retain her composure. He dispatched her next door, where a human-resources representative waited in a similarly vacant room, save for a box of tissues and a folder on the desk. Afromowitz couldn't maintain her steely reserve any longer and broke down in sobs.

But the visceral reaction — equal parts fear, shame, and shock — had nothing to do with her work. "The truth is, I hated my job," admits Afromowitz, a former salesperson on the high-grade credit desk at Lehman Brothers, the storied Wall Street investment bank. The pace was grueling. Every morning she'd wake up at 5:30 for the predawn hustle to the office. By 7:30 a.m., the trading floor was already in the throes of its testosterone-fueled frenzy, which didn't wind down till late evening. Blunt and surprisingly forceful for her 5-foot-2 frame, "Afro" — as her colleagues dubbed her — held her own amidst the cursing, tirades, and occasional thrown phone. She was well-compensated — $85,000 base pay plus a bonus that could match that. But she rarely saw her boyfriend and took only one real vacation — a week in Barcelona — during most of her tenure. The high-octane environment proved so stressful that she developed stomach problems that sent her racing to the bathroom throughout the day.

1 | 2 | 3 | 4 | 5
close

Sponsored

Content under this heading is from or created on behalf of the named sponsor. This content is not subject to the WebMD Editorial Policy and is not reviewed by the WebMD Editorial department for accuracy, objectivity or balance.

Got A Pet

Head-to-tail advice.

webMD Video

Show or hide information about video: Diagnosing Yeast Infections   Diagnosing Yeast Infections

Ob-Gyn Laura Corio explains why women should not try to diagnose their own yeast infection.

Watch Video: Diagnosing Yeast Infections (opens in a new window)

Show or hide information about video: What Is Perimenopause?   What Is Perimenopause?

Show or hide information about video: Weight Plateaus   Weight Plateaus

Show or hide information about video: Detecting Breast Cancer at Stage Zero   Detecting Breast Cancer at Stage Zero

Show or hide information about video: Baby Sleep Basics   Baby Sleep Basics