Steps to take before — and after — a layoff

Description

Abstract: In the first two months of the year, hundreds of technology companies announced layoffs, up from a handful a year earlier. It’s unclear what, if anything, these layoffs portend, or whether they’ll have a ripple effect on other industries. But for those employed in an industry facing headwinds or hearing talk of reorganization, this article suggests that there are several steps these employees can take to blunt the potential financial impact of being laid off. Those steps include reviewing their finances, reviewing health insurance and maintaining an emergency savings fund.