10 Things You Should Do If You Get Laid Off

Thursday, March 20, 2008

When faced with a layoff, you have two kinds of needs. The first is to live within your means until you get a new job. The second is to get that new job. Here are some ways you can pursue both goals.

#1: Get everything the company owes you

Tie up lose ends to collect any money the company owes you. If you’re still on the job for a couple of weeks, be sure to file any remaining expense reports. To make sure you receive any remaining vacation or PTO pay for which you are eligible, compare your time-off records with those of the HR department and iron out any discrepancies.

If you have stock options, the company may vest more of your shares in the event of a layoff. Read the fine print on exercising these options. There could be a window of time when you must exercise the options or lose them. Read More TechRepublic.

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