How to Handle a Layoff — Immediate Action Plan

First 48 Hours

Getting laid off is disorienting. Here's exactly what to do in the critical first 48 hours to protect yourself and set up a strong recovery.

Immediate Steps

1. Review your severance package carefully. Don't sign anything immediately. You typically have 21 days to review.
2. Understand your benefits. COBRA health insurance, 401k rollover options, unused PTO payout.
3. File for unemployment immediately. There may be a waiting period, so don't delay.
4. Update your resume while your achievements are fresh.
5. Tell your network. A layoff is not shameful. Post on LinkedIn — many people respond with leads.

Week 1: Set Your Foundation

• Calculate your financial runway (savings ÷ monthly expenses)
• Create a structured daily schedule for your job search
• Reach out to 10 close contacts for informational conversations
• Set up job alerts on LinkedIn, Indeed, and industry-specific boards

The Mindset Shift

A layoff is about business economics, not your value. Some of the most successful careers include a layoff chapter that became a turning point. Use this time to be intentional about what comes next.