Was Let Go 2 Years Ago, Laid Off Yesterday: The Reality of the Current Job Market
As the title says, I get the fortunate badge of being let go/laid off within 3-5 years. Great.
Here's a brief background of what has happened to me so far. I moved to Toronto in June 2019 from Niagara Falls after landing a job with a mortgage lender within the Financial District, just before I graduated from university. In 2021, I moved to another department. Then I was let go in November 2024 after being there for 5 years. (They were going through restructuring, but I also felt that I was being asked too much and I was giving too little. They were making everything a priority.) I was unemployed until March 2025, where I got a contract job. Things started to get hard so I started looking for a full-time permanent job, which got me into another mortgage lender at the end of December 2025. Then yesterday, I got the dreaded call that I was being laid off due to "decrease in leads". They said that I did nothing wrong and it wasn't performance-based.
I'm just feeling a bit shattered. I had goals to pay off my old debt, save up for a new apartment, and build up something in the background as passive income. I'm not really looking for sympathy. I'm more curious if other people in Toronto are experiencing something similar. It feels like I finally got myself back into a permanent position, started making plans for my future, and then had the rug pulled out from under me less than a year later.
For those who have been through something similar, how have you been navigating the current job market?