▲ 0 r/womenintech
Preparing for a layoff
I was laid off back in June, but about 6 months before that I asked AI how to prepare for a layoff (the stock price can only stay that low for so long before they pull out the axe, amirite?). I shared a summary of the results with my local dev group and it created a lot of great discussion.
I thought I'd dig that post up and share the highlights here with 2 goals:
- Share how it aligns with my experience 2 months in
- Create a space for this community to share their own advice on the topic
- Build a Significant Financial Safety Net - This one is probably the most obvious, and 6 months is what's generally recommended, but 12 months would be best. You can also document ways you can quickly reduce your expenses (we did a mortgage recast, for example). You can also try to do some research around what severance you may be eligible for. I was given 14 weeks + 1 week for every year of employment.
- Proactively Document Achievements and Gather Evidence - Create a google doc you have access to outside of work and update it weekly. Include as much quantitative information as you can as you'll need that on your resume
- Actively Network Outside Your Immediate Workplace - This is a big one. Go connect with all your favorite co-workers on LinkedIn right now! Also, I've had A LOT of support from my local dev professional group since I'm active in their Slack group.
- Secure and Review All Personal Health and Benefit Information - Um, sure. I don't have much for this. Fortunately all my benefits were extended for 6 months through COBRA and we have Tricare as a backup, so this hasn't been front of mind for me.
- Separate Personal and Professional Digital Life. Getting immediately locked out of a work laptop or email caused major logistical headaches for those who relied on them for personal business. - Yep! I happened to be online when I received my termination email and I watched my Slack and Zoom shut down about 5 min after the email.
I hope this is helpful! For those who have been laid off - what would you add? Any lessons learned you can share with this community?
u/Such-Veterinarian303 — 1 day ago