Jill on Money with Jill Schlesinger

The Stages of Job Loss

Nov 27, 2025
Dr. Sharon Melnick, a business psychologist and executive coach, dives deep into the emotional landscape of job loss, explaining how it affects identity and purpose. She outlines the five stages of grief that accompany layoffs and offers strategies for coping, like reframing negative thoughts and using calming techniques to manage anxiety. Sharon emphasizes the importance of viewing job loss as an opportunity for growth and encourages young workers to embrace new experiences. Her insights provide a roadmap for navigating these challenging transitions.
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INSIGHT

Job Loss Hits Beyond The Paycheck

  • A job often supplies identity, routine, social connection, and predictability beyond pay.
  • Losing work can feel like those pillars are pulled out, creating emotional as well as financial pain.
ADVICE

Calm Your System Before Acting

  • Do emotion-focused coping first so your nervous system calms before you enter action.
  • Use techniques that lower activation to think clearly and avoid impulsive choices.
ADVICE

Use Slow Breathing To Reduce Panic

  • Try breathing exercises like slow exhale-dominant breathing to shut off the stress response.
  • Breathe in for five, out for five or out longer to quickly reduce alarm and regain control.
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