From one who knows: What to do if you're laid off
Posted
Jan 18 2008, 08:02 PM
by
Karen Datko
Rating:
Recent layoffs at a company Blubba once worked for prompted him to share the benefit of his experience with his readers. The host of Fat Man ... Skinny Wallet has been down that road. He says the first thing you need to do is get a handle on your emotions. "Losing your job is a lot like a breakup," he writes. "A lot of emotions are going on -- mine were shock, disappointment and bed-wetting terror at being able to make mortgage payments on my just-purchased home."
Don't burn bridges by badmouthing your employer on your way out the door, he advises: "Take a deep breath, and then -- no matter what you really think -- thank your boss and colleagues for the time working with them." Sharply reduce your spending, and make only minimum payments on debt, he says. Come up with a plan of attack for finding a job. It could be a five-year plan that includes a career change.
Finally, don't hide your problems out of shame. It's OK to ask for help. "It reminds me of those TV sitcoms where the dad of the show gets fired, but keeps pretending to go to work each day," Blubba says. "In the sitcoms, that works out. In real life, not so much."