, Columnist
How to Protect Your Money After Being Laid Off
Reviewing — and negotiating — your severance package is only the first step.
Goodbye for now.
Photographer: BloombergThis article is for subscribers only.
If you’ve just been laid off, you’re probably feeling unmoored and worried about what happens next, especially if this is the first time you’re going through it.
Beyond the obvious (like doing a detailed review of expenses), there are some more nuanced crucial steps to ensure you don’t make the situation go from bad to worse. For those who worked for a tech firm or bank — you’re probably getting a pretty generous severance package and benefits, so you’ll want to avoid any missteps to make the most of them.