layoff - It's the end of one job; focus on a strategy to get another

Each person deals with job loss differently; some may suffer from clinical depression or even become suicidal It wasn't supposed to be this way for the 34-year-old director of a Bangalore-based telecommunications start-up. He planned to buy a flat with his savings. The firm was supposed to go on to become a success: and providing for his homemaker wife, two sons and his retired parents would never be a problem.

Then came the layoff.

Now he is turning to a bank for a loan. Applying for a new job. Strategizing how to stretch his savings. Friday was his last day of work at the 30-member company. In an effort to lower costs, it had decided to shut down the marketing division and eliminate its staff of six.

Dealing with it

Every person deals with job loss differently, depending on one"s personality and coping skills. Psychologists report some patients suffer from clinical depression, anxiety disorder or even become suicidal after experiencing a job loss. This mostly happens to men who are sole bread-winners in the family.