Lifted this off my linkedin feed, 33 things to do to prep for layoffs, most are applicable to us as well:
- 1 - Emergency Fund: Save 3-6 months' worth of living expenses.
- 2 - Debt Reduction: Pay down high-interest debts to reduce financial pressure.
- 3 - Budget Review: Assess your current spending habits and trim unnecessary expenses.
- 4 - Skill Enhancement: Continuously improve your skills to remain marketable.
- 5 - Resume Update: Keep your resume up to date with accomplishments.
- 6 - Network Maintenance: Stay in touch with professional contacts and mentors.
- 7 - Explore Internal Opportunities: Look for open positions within your organization.
- 8 - Healthcare Coverage: Understand post-layoff healthcare options, like COBRA.
- 9 - Legal Consultation: Consult an employment attorney if necessary.
- 10 - Benefit Review: Familiarize yourself with severance and benefits policies.
- 11 - Side Gig: Develop a side hustle or freelance work for extra income.
- 12 - LinkedIn Profile: Update your LinkedIn profile with your latest achievements.
- 13 - Online Presence: Build a personal brand online through blogging or social media.
- 14 - Market Research: Monitor industry trends and job market conditions.
- 15 - Cross-Training: Learn new skills to expand your capabilities.
- 16 - Portfolio Building: Create a digital portfolio of your work.
- 17 - Financial Advisor: Consult a financial advisor for guidance.
- 18 - Tax Planning: Consider the tax implications of severance pay.
- 19 - Document Achievements: Keep records of your accomplishments.
- 20 - Review Contracts: Understand your employment contract and obligations.
- 21 - Mental Health: Seek emotional support from friends or professionals.
- 22 - Union Resources: If applicable, consult your union for assistance.
- 23 - Government Programs: Explore unemployment benefits and assistance programs.
- 24 - Backup Plan: Develop a contingency plan for alternative income sources.
- 25 - Headhunters/Recruiters: Connect with job placement agencies.
- 26 - Job Search Skills: Improve your job search and interview skills.
- 27 - Professional Development: Attend workshops or courses for skill-building.
- 28 - Company Information: Gather information on your company's financial health.
- 29 - Resume Customization: Tailor your resume for specific job applications.
- 30 - Online Learning: Take advantage of online courses and certifications.
- 31 - Job Market Analysis: Research job market demand in your field.
- 32 - Support System: Lean on friends and family for emotional support.
- 33 - Stay Positive: Maintain a positive attitude and stay resilient.