Career and Money Advice At The Intersection Of Business And Technology

GeekMBA360 header image 2

Seven things you should do immediately after layoff

November 23rd, 2008 · 2 Comments

  1. Immediately fill out the required government forms so that you can start receiving unemployment checks from government.
  2. Cut your expense, save money and conserve cash. Know your cash expense, your cash reserve, and your burn rate.
  3. Find 30 – 60 minutes of time for yourself each day — take a walk. Go to the gym. Read a book. Do something you enjoying doing. You need the break to maintain your sanity during a very stressful time.
  4. Put together a structured program to look for a job –   see 5-day personal boot-camp to beat layoffs
  5. Look for temporary work and/or alternative income streams. Can you apply to be an adjunct instructor for an online school? There are a lot of online universities out there. What about selling used stuff on eBay or Amazon? What about starting a blog/web site and earning affiliate or Ad Sense income? Post an ad on to provide a service. There are a lot of ways to make some extra money. Be creative and be aggressive to pursue those opportunities.
  6. Have you considered to go back to graduate school (e.g. business, law, graduate school, etc.) but have been putting off the idea? If you know what you want, and have a strong reason to go back to school, spend some time to prepare for the exams and start your application process. The application process takes time. You should get started as soon as possible while you’re looking for a job. If you’re interested in getting an MBA, , please read Seven Lessons I learned from attending business school during recession.  If you’re still wondering if you should go back to school,  make sure you read Should you go back to business school to hide from recession.
  7. Go out, make friends, and continue to help others. This might sound counterintuitive. "Why waste time helping others while I’m struggling to find a job?" You might ask. Interestingly, the world doesn’t work that way. The more you give, the more you’ll get back. Continue to be involved in associations, non-profits, and other organizations you’re part of. Do let people know that you’re looking of opportunities. But, don’t make that the focus. Instead, focus on contributing and helping others. You’ll be surprised how many people will be offering you help along the way.

Tags: Beat Recession

2 responses so far ↓

  • 1 Steve Johnson // Nov 24, 2008 at 7:26 am

    These are also good tips for life before a layoff.

    Too often, the day-to-day tasks of work are so overwhelming that we put off other people and their projects until later when we “have enough time.” There’s never enough time later; never has been. Do it now.

    Taking care of business also means taking care of yourself. Sure, stress is a nice explanation for putting on 20 pounds but afterward, you’re the one stuck with the 20 pounds. Get up from the keyboard and get out for a bit. Don’t let work drive your health.

    They say, “Dig the well before you’re thirsty.” Build that network of friends now before you need them. Give a little; get a little, you know?

    “How we spend our days is, of course, how we spend our lives.” — Annie Dillard

    Thanks for these tips. Good reminders in good times and bad.

  • 2 PeaceCat // Nov 26, 2008 at 9:43 am


    Great articles, I particularly like this point “Go out, make friends, and continue to help others.”

    When my colleagues and I found we were being laid off, and that we were all asked to compete for 1 remaining job, the first thing I did was suggest we all go out to lunch together. It was great, we’re all in the same boat and have the same worries, and we agreed that we wouldn’t let the fact that we’re essentially supposed to compete with each other influence our relationships.

    Thanks for the tips on the Pavlina forum too 🙂

Leave a Comment