A Guide for Executives and Senior Leaders
The State of Layoffs at the Executive Level
In recent years, executive and senior-level layoffs have become a common occurrence across industries. Even well-performing leaders—CEOs, CFOs, COOs, CMOs, and VPs—are finding themselves unexpectedly “restructured out.” Economic headwinds, shifts in M&A, AI-driven efficiencies, and investor pressure have all contributed to the changes.
Yet what’s often left out of the headlines is the emotional toll on those at the top. For many senior leaders, work isn’t just a job. It’s identity, influence, and purpose. When that’s taken away, even temporarily, it can shake your confidence and sense of direction.
You’re Not Alone. And, You’re Not Done
First, take a breath. You’re not alone, and this is not the end of your story. Nearly every high-performing executive I’ve coached has faced a professional setback at some point—and used it as a springboard to something more aligned, more fulfilling, and often more lucrative.
It’s natural to feel shock, frustration, or even embarrassment, but remember: layoffs are business decisions, not value judgments. The market moves fast; good companies make tough calls. This isn’t about you—it’s about timing.
Reassurance: You Still Have Leverage
Executives who’ve led through crises, turnarounds, and transformations know resilience is part of leadership DNA. You’ve already proven your ability to adapt, lead, and deliver results. What matters now is channeling that same strategic mindset into your own career transition.
Action Steps: What to Do Right Now
Here’s a practical framework for your first 30 days post-layoff:
1. Give Yourself Space
Then Set a Routine. Take a few days to decompress. Reflect, process, and ground yourself emotionally before jumping into job search mode. Once you’re ready, establish structure: daily job search blocks, networking goals, and personal recharge time.
2. Audit Your Personal Brand
- Resume: Modernize your executive resume. Focus on value creation, transformation, and measurable outcomes rather than titles or job descriptions.
- LinkedIn: Update your headline to reflect your expertise, not your last title. Example: “Driving Enterprise Growth Through Strategic Transformation | Board Advisor | Former Fortune 500 COO.”
- Narrative: Craft a short “career story” that bridges your last role to what’s next. Keep it forward-looking: “After leading through major transformation at XYZ, I’m now focused on leveraging that experience to drive growth in…”
3. Reconnect with Your Network
Executives often underestimate how many allies they have. Reach out to former peers, board members, consultants, and vendors—not with a “do you know of openings?” approach, but with a thoughtful check-in: “I’m exploring my next chapter and would value your perspective.”
Networking is not asking for help—it’s creating connections.
4. Tap the Hidden Job Market
Up to 70% of senior-level roles aren’t publicly posted. These positions are filled through conversations, referrals, and introductions. Build visibility through:
- Board and industry associations (YPO, NACD, CFO Leadership Council, etc.)
- Private equity and VC networks
- Executive search firms specializing in your domain (e.g., Korn Ferry, Heidrick & Struggles, Spencer Stuart)
- Strategic LinkedIn visibility: share thought leadership posts to remind your network of your expertise
5. Engage with Recruiters Strategically
Recruiters can be valuable partners, but they’re not career managers. Build relationships with the right executive search partners in your function and industry. Send a concise, metrics-driven resume and a one-paragraph summary of your leadership focus and next-step goals.
6. Reinvest in Your Growth
Consider executive coaching, peer groups, or short-term consulting to keep momentum and confidence high.
Recommended reads:
- The 2-Hour Job Search by Steve Dalton
- What Color Is Your Parachute? for Executives by Richard Bolles & Mark Emery
- Designing Your Life by Bill Burnett & Dave Evans
- Switchers by Dawn Graham
The Bottom Line: This Is a Pivot, Not an Ending
This moment can be an unexpected turning point—a chance to redefine your direction and create the career you design. Whether that means a new corporate role, a board seat, an advisory path, or launching your own venture, you now have the freedom to choose intentionally.
Remember: your experience, wisdom, and leadership brand didn’t end with that last paycheck. In fact, this might be the chapter where your next—and best—legacy begins.