Laid off? You're not alone. Layoffs surged in March, with numbers reaching highs not seen since early pandemic days. Nationwide, job cuts are up 103% from the same time in 2024. Companies like Volvo, Google, and Meta have recently reduced staff.

Now, many are left wondering: Is my job secure this year? In a recent podcast, an employment expert offers insights on your rights after a layoff, practical advice for moving forward, and how to shift your mindset.

What to Do After a Layoff

First Steps: If you face a layoff, the initial actions are vital for your financial stability. What should you prioritize? 

Stay Calm: First, take a breath. You can navigate this. Next, familiarize yourself with your rights. Know your last working day, the severance package offered, health insurance details, and how your 401(k) is affected. If there's a company match, confirm if it applies to you. Don't forget to check your eligibility for unemployment benefits.

Finally, carefully review the severance agreement. Take your time—don't feel pressured to sign immediately. Ensure all promises are included, and look for any clauses that could limit your job search.

Your Rights and When to Seek Legal Help

Understanding Protections: Layoffs can raise legal questions. If you suspect discrimination—like only women or older employees being let go—it's time to consider legal advice.

If you're over 40 and receiving severance, the law requires a 45-day review period for your severance package. Be aware of any potential discrimination based on gender, race, or disability.

Moving On After a Layoff

Finding New Opportunities: Remember, even amidst rising unemployment, many are still hired. It might take longer, but your next opportunity is out there. What's your motivational mantra?

Encouragement: I've seen clients go from despair to success after layoffs. They often share how it became a turning point, leading to better opportunities. Support is available, and you're not alone. Layoffs reflect company choices, not your value. Take a moment to process, then focus on the future. You'll find something new.

… Looking to boost your financial confidence? Consider:

? FinanceFixx – A transformative financial coaching program designed to help you regain control of your finances. Our next 4-week session starts April 2nd—use code WHM for a $100 discount.

? InvestingFixx – Join our investing club tailored for women ready to navigate the market and grow their wealth. Your first month is free!