Emily Clarke

What to Do When You Get Laid Off From Work

Getting laid off is never an easy experience. There are many emotions to process and unknowns to conquer. While it might feel like it at the moment, getting laid off is not the end of your career.

Keep reading to gain advice for layoffs that help you move on and treat this experience as an opportunity for growth.

Read Your Contract

The first thing you should do is understand your rights. Don't sign anything until you fully understand what you're entitled to after being laid off. Your contract or handbook might mention specific benefits or a severance package.

Read those documents before you take your next steps.

Speak with HR

Always speak with HR about your layoff. You should request to get everything in writing. Your discussion is also the perfect opportunity to inquire about and negotiate severance packages.

Being laid off is often only the start of what could be a challenging journey moving forward. Having everything in writing may help you secure another job. Meanwhile, severance can hold you over until you do.

Take Care of the Logistics

Reviewing your retirement plan and health coverage options when you change jobs is important. That includes getting laid off.

Look at your retirement plan to see if you can keep the funds where they are now. Otherwise, you may need to speak with a financial advisor.

For healthcare coverage, explore enrollment options with private insurance or consider getting COBRA coverage.

Start Networking

Your hunt for a new job starts now. Any resource that provides advice for layoffs will tell you to use your final days networking with others. Exchange numbers, ask for letters of recommendation from your higher-ups, and take every opportunity to connect with others.

Networking now may help you secure a new job faster. Even if you have no leads, you can use your connections as contacts for referrals.

Review Your Budget

Our final tip is to adjust your budget for your new situation. Job searches can take months. That means it's time to start pinching pennies and reprioritizing your money until a paycheck comes in.

Author Resource:-

Emily Clarke writes about the learning platform developed for engineers and tech professionals. You can find her thoughts at engineer career blog.