These days, there are a ton of different aspects of your life above and beyond your income that are all tied up in your employment.
- Health insurance
- Retirement benefits
- Equity Comp - Stock options, RSUs, ESPPs, etc.
- Other benefits like life insurance or disability insurance are likely ending as well
- Social life & Friends
- Potentially even your Location if you moved for your job
Being laid off not only causes stress and worry wondering when and where your next paycheck is going to be coming from, but there are a bunch of other things to consider, many of which are not top of mind or they are items that you don’t even know to ask or think about.
Some of those decisions you have to make have deadlines that are 60 to 90 days after separation, so you don't have a ton of time to think things over.
Here is a handy checklist of things to consider and think about when you lose a job: