Hitting Rock Bottom After Job Loss Can Be Beneficial, Study Shows

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We’ve all heard it said, “When you hit rock bottom, there’s nowhere to go but up.” This can prove especially true in business, where bottoming out as a result of job loss can be necessary before finding the radical solution that will lead to a new work identity, according to new research from the University of Notre Dame.

“Hitting Rock Bottom After Job Loss: Bouncing Back to Create a New Positive Work Identity,” was published this month in Academy of Management Review by lead author Dean Shepherd, the Siegfried Professor of Entrepreneurship in Notre Dame’s Mendoza College of Business, and Trenton Williams of Indiana University.