Five Things You Must Do Before You’re Laid Off

Like millions of Americans, my family will likely face a layoff. And, like other families we aren’t sure when we will get the news. Tomorrow? In another month? The suspense makes one reach for the bismuth.

My husband has been a teacher all his adult life, but could be laid off at the end of the school year, thanks to a combination of lower state tax revenues, a $15 million school district shortfall, and gloomy state economic projections. His administrators predicted there will be heavy personnel and curriculum causalities in all parts of his school district.

So, the shoe is raised and hovering and we – like the other employees and their families – are waiting for it to dro

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4 Responses to Five Things You Must Do Before You’re Laid Off

  1. B Simple says:

    Nice list. The key point is before your laid off. Most people do these after they are laid off. If you do them before it can reduce your stress because you already have a plan in place.

  2. jonatsgonats says:

    Good points. I think being laid off is an opportunity to start your own businesses and become an entrepreneur.

  3. Meaghan says:

    It is always a great idea to be prepared!

  4. Dave says:

    Starting a budget before you’re laid off can help you save a good chunk of change to use as a buffer while you’re unemployed. It’s always safe to have a couple months salary in the bank at any given time to use as a buffer for emergencies (not that anyone does that).

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