Patrick Lyons was laid off from Microsoft twice after five years of employment, notably as a product manager for Microsoft Teams. Despite this, he achieved financial stability through three side businesses and severance pay. He quickly sought employment, but during his unemployment, he found joy in hobbies such as improv comedy and fitness, leading him to reconsider returning to corporate life. Lyons emphasizes the importance of developing lucrative passions to alleviate the stress of future job losses.
I had also been running three side businesses outside of work for several years, namely an online fitness coaching company. This allowed me to pursue my fitness passion while having bidirectional income streams.
Despite the stress about my sudden layoff, I was financially stable because of my businesses and a generous severance.
During my unemployment, I enjoyed my hobbies... I started having such a good time away from work that a big part of me started questioning if I shouldn't go back to corporate at all.
Lyons advises pursuing monetizable passions to mitigate the impact of potential layoffs.
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