October 24, 2007
10 things you should do if you get laid off
By Suzanne Thornberry
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.
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
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.
Get your resume updated and out the door
You'll be sending out some unsolicited resumes as you notify your network that you are available. Brevity and
relevance are most likely to catch the eye of busy people. Tailor your cover letters to the needs of hiring
managers. Emphasize that you are a self-starter who's ready to get back to work.
These TechRepublic resources can help:
Nineteen words that don't belong in your resume
10 things you should know about creating a resume for a high-level IT position
Resume do's and don'ts for IT consultants
3 things your resume could do without
Search company Web sites
Not all jobs are advertised on the big boards or in newspapers. One way to find these jobs is to go to the Web
sites of companies where you'd like to work, then look for a Careers or Jobs link. Although it's more likely that
internal candidates will compete for these jobs, it's still a good idea to monitor them. Find out about good
companies by word of mouth, researching regional business publications for "top companies."
List your sources of income
Companies that lay off employees rarely contest