Thread regarding Paramount Global layoffs

What to do if you've been laid off

I'd like to start a tip thread for any impacted folks this week. I was laid off a year ago and fortunately have managed to get enough income to not net a negative this past year, but don't kid yourself -- the market is that bad out there. No matter your seniority or valued your skills, it's in your best interest to plan for an icy winter. Make this your fulltime job as soon as you're cut to put yourself in the best possible position.

1) File for unemployment immediately, do not wait til severance pay is finished. The process takes time and there is no backpay. Now, you won't be able to get checks until you stop getting income, but despite the program lasting a year you only really get up to about 6 months of checks (if receiving no other income). But if you don't find employment a year after you signed up, you can sign right back up -- and guess what? The severance pay you had received a year prior will count as your W2 earnings, qualifying you for unemployment again. If you wait 2-6 months after that, you might not have enough W2 earnings to requalify for the same amount. TLDR: file for EDD today.

2) Get on SNAP, get an EBT card. You don't need to do this if you're still earning severance, your earnings are decided based on bills and people in your household. However, aside from grocery money, you just having an EBT card gives you discounts off of your electric bill (mine's $16 off every bill), internet bill ($30/mo account for Spectrum), even Amazon Prime membership (50% off, paid monthly).

3) Join the paramount-alumni slack channel (paramount-alumni.slack.com) and any other post layoff groups to network and find immediate support.

4) AJCC / WIOA offers free job training and tuition reimbursement for educational courses for you to pursue a new career. Wanna go take on 1-2 semesters at a University to learn something new? You could learn anything from marketing, data security, project management, business, healthcare, any fields that the growing jobs report will support. Here's the site to find the offered courses in CA: https://wioa.i-train.org/iTrain/tpd/

Now, this application process is complicated to say the least. Every Workforce office works completely independently of one another. There is no central HQ, they're not the IRS. They're more like a McDonalds -- they're all privately owned and each offers the same stuff, just some are more well supported than others, some are a little cleaner than others. Do not trust online applications through websites like CalJobs, that online application literally goes to nobody and no one -- you need to do it in person. You need to call your local Workforce office and ask them about job training/tuition reimbursement, and how much they can offer. I called 5 different offices before I found a place an hour north, funded by Goodwill, that would pay me $5000 for schooling. You'll need a LONG list of documents to bring with you e.g. proof of citizenship, birth, address, selective service, college degree (I took a photo of my degree) -- bring them all to the orientation appointment. Once approved, you just need to supply which courses you want to take to your case manager.

Good luck out there.


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| 3762 views | | 25 replies (last October 28) | Reply
Post ID: @OP+1k8k7hxnk

25 replies (most recent on top)

Also, change your Paramount+ account to your regular email address and you should be able to keep it forever. Worked for me.

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Post ID: @ea+1k8k7hxnk

@ak That's usually for cash benefits, but might fall under the same umbrella application. I had 100k in my savings and still got the full amount for my household, but zero cash aid.

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Post ID: @e9+1k8k7hxnk

@e5 use your personal email

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Post ID: @e7+1k8k7hxnk

Anyone have insight how to Join the Paramount Alumni Slack? Do we enter our work email? Once we lose our accounts how would we access? thanks

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Post ID: @e5+1k8k7hxnk

I'm taking PTO until 2030, who cares

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Post ID: @ba+1k8k7hxnk

@OP I filed for unemployment the day my severance ended and it was processed pretty quickly. (In NY though, don’t know what the process is like on the west coast)

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Post ID: @b7+1k8k7hxnk

Man, can't tell if you're a troll or completely tone deaf. C'mon, not on this site

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Post ID: @at+1k8k7hxnk

Breathe. It’s going to be okay.

You are valuable. Know your worth.

Find love. Find light. Find joy in being free from capitalism.

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Post ID: @as+1k8k7hxnk

@aa I’m sure OP meant well, but do not rely on this info. There are a lot of inaccuracies and misinformation in this post.

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Post ID: @ar+1k8k7hxnk

@ap People won’t understand that you’re making fun of the posters who were going on spa days and wine tours lol.

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Post ID: @aq+1k8k7hxnk

I’m taking a vacation. Thankfully my family comes from money so I’ll just take from my trust fund.

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Post ID: @ap+1k8k7hxnk

@ak 100%. $3k asset limit to qualify for SNAP in NYS. Also the amount of your gross monthly/annual income will affect eligibility. Not everything OP stated is accurate and you should not rely on this post for facts - unemployment benefits and SNAP are not mutually exclusive.

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Post ID: @an+1k8k7hxnk

@a6 you can access your 401k through Fidelity and your equity through Morgan Stanley@work or something like that.

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Post ID: @am+1k8k7hxnk

Does anyone have more info on SNAP? I thought snap checks savings/checking account first? To see if you qualify,

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Post ID: @ak+1k8k7hxnk

Don’t listen to the last post. If you’re laid off, you should file for unemployment immediately. Don’t wait for your severance to end - trust me. delaying might affect your eligibility. Speaking from experience.

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Post ID: @ac+1k8k7hxnk

@a9 yes, they are from the state. or at least administered at the state level.

start your unemployment once your severance runs out. no point in doing both at the same time.

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Post ID: @ab+1k8k7hxnk

@OP Wow this is very informative! Thank for caring enough to put this together, very helpful. This attests to your good character. Cheers!

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Post ID: @aa+1k8k7hxnk

@a6 I believe unemployment benefits are unaffected by the shutdown

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Post ID: @a9+1k8k7hxnk

Curious how the shutdown impacts if it does, unemployment? Also how do we access 401K? I’ve heard horror stories about how unhelpful HR is.

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Post ID: @a6+1k8k7hxnk

Take a break

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Post ID: @a5+1k8k7hxnk

i was laid off last year after 20 years. took about 5-6 month off just to get my life together, deal with some ongoing family issues. in retrospect, though enjoyable...this was a mistake. definitely should've hopped on the job search straight away.

however, i would say that it's also important to not beat yourself up over this stuff. it's giant forces at work, and you're just a little guy trying to make it.

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Post ID: @a4+1k8k7hxnk

This is really helpful.

I’d also say to anyone getting severance: don’t take time off, start looking for your next gig right away. It takes much longer than you think for interviews to start, and even longer for someone to give you a start date. No matter your level or experience, the job market isn’t favorable right now. You’ll find something, but as someone who’s been down this road recently and used to have multiple offers waiting, that’s not the case anymore. Good luck and get moving.

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Post ID: @a3+1k8k7hxnk

Thank you 🙏

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Post ID: @a2+1k8k7hxnk

live off emergency savings set for times like this
get new job

Food stamps wont happen with shutdown

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Post ID: @a1+1k8k7hxnk

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