The Independent

What to do if you’re concerned you might be laid off — or if you’ve lost your job

Source: Copyright 2024 The Associated Press. All rights reserved

Recent mass layoffs from technology and media companies, including eBay, Riot Games and the Los Angeles Times, might have you thinking about your job security.

If you’re worried you could be laid off — or if you’ve lost your job — personal finance professionals and career advisers have recommendations for how to cope. They range from preparing an emergency fund to understanding your severance package.

IF YOU ARE CONCERNED YOU MAY BE LAID OFF

START SAVING

It’s crucial to start building an emergency fund even when you feel secure at your job, but especially if you think you might lose it.

You might not be able to save enough to cover the whole time you’ll be out of work, but even a small amount can reduce your stress.

When you start thinking

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