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(originally published by Booz & Company)


Coping with a Job Loss after 50

“Effective coaching,” Gabriel said, “may help a person move from an ‘end of the line’ to a ‘moratorium’ or even to a ‘derailment’ position.”

Bottom Line:
When people are laid off late in their careers, they resort to one of several narrative strategies to understand and explain the event in light of their life stories. For some, the job loss is seen as the “end of the line.” For others, it is viewed as a “temporary derailment.” And for a third group, it is a chance to shift their life focus entirely. This process of “narrative coping” has a major impact on how people view their careers and what they do next.

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