5 Critical Steps For Anyone Who Has Experienced A Layoff

person sitting on a ledge writing in an open notebook
Alyssa Guznik
May 23, 2023

#1 Know Where You Stand

When an employer lays employees off, they must follow the law. Even in states that allow "at will" job terminations, there are legal expectations a company must follow.

#2 Know And Negotiate Severance

Employees laid off due to company changes are entitled to a severance package. It could be a payout of unused personal time or something more substantial, depending on how long the employee has been with the company and their position.

#3 Secure Health Insurance

Things can crop up unexpectedly. If you had employer-provided health insurance, checking in with COBRA or other insurance marketplaces can get you even basic coverage while in between employers.

# Set a Budget

What seems like such an obvious task can be easily missed when you're reeling after losing a job. However, setting up a new budget will help guide financial decisions while awaiting another steady-paying job.

 #5 File For Unemployment

This may seem like a no-brainer, but waiting for unemployment to kick in can take a few weeks. Filing as soon as possible and staying on top of your application process can get money back into your wallet sooner. 

Things can seem overwhelming and as if everything is doomed. That couldn't be farther from the truth. Even when times are tough, we must do what we must to secure ourselves.

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