What To Do IMMEDIATELY If You're Laid Off

Getting laid off is NEVER a good feeling, especially when it's not your fault. It can feel very isolating and scary, but don't worry. @YourRichBFF is here for you. Today, I'm going to break down the most immediate steps to take when you have been impacted by lay-offs.

Sometimes you have to take a few steps back before you can move forward. Hang in there, besties 💚

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⭐️ About Me ⭐️
I am Vivian Tu, Your Rich BFF. I started my career as a Wall Street Trader before moving into Tech Business Development. During the pandemic, I was inspired to create financial literacy content to combat faulty advice and help others gain financial freedom.

In less than a year, I've grown a community of over 3M besties across the world. I have been featured as a Top Content Creator of 2022 in Forbes, Bloomberg, MSNBC, the Wall Street Journal and more. And as of recently, I have been named one of Forbes 30 Under 30 in 2022!

⭐️ Resources & Links ⭐️

[NoCamping]

Thanks for the video Vivian! I just got laid off at 11:30am today. Thank you for the timely video to cushion the blow lol. I'll be sure to make use of these tips.

[Brin-ev]

I love Mr. Crab. one of the true pioneering businessmen.

[rebeccalucas]

Not all jobs give you paperwork, some just take you off the schedule, and say they don't have hours to give you, yet refuse to say you're laid off.
That way, they are off the hook from paying unemployment Two grocery stores did this to the catering people in the deli - Winn-Dixie, and Harris Teeter.

[peanought]

Trying find a job for 6 months
Unemployment ran out…. Getting mad and have animosity for everything now.

[lavishone]

Great tips. I would also add to reach out to your network and let them know you are open to work. You never know who may know someone who is looking for your skills.

[jhtdujq]

i just got laid off...they refused to give me my letters of recommendation until i signed off on my severance offer. Since i am a few short yrs away from retirement, it's a rough place to be. U think they would want to help me after so many yrs of loyalty, but they could care less.

[santiagopuyol]

*I'm glad i made productive decision about my finances that has changed my life forever.I'm 49 years living in Alberta Canada bought my first house last month and hoping to retire at 52 if things keep going smoothly for me*

[radiantchristina]

helpful tips! I'm potentially going to be dealing with this over the next year. I'm in my mid 50s so it's very frightening because many companies are not in a super rush to hiring older people.

[marlenakauer]

This is a timely and important video. Thank you!

[witzviewer]

You didn’t mention COBRA and other interim health insurance options.

[johnhwang]

Also, if you have a medical FSA balance remaining, use it up that day on FSA eligible purchases. If you don't, then you forfeit it all.

[middleagebrotips]

Not sure what it But I was able to job hop myself to 40% bump....

[chelszoes]

Super quick and helpful tips! Thanks Vivian!

[shanikapowell]

Thank you for this video. The climate at my recent job has shifted dramatically and I’m trying to be as prepared as I can be. Learning about the severance letter was really helpful! Thanks again! I appreciate your videos.

[davefoster]

Nope, first thing you gotta check is the employment termination reason which decides whether you'll get EI or not. It doesn't matter if you're fired or laid-off as long as the reason code states the termination without a cause

[TwistedGlitter]

Wish I'd seen this a few weeks ago when I got the surprise call

[modearnbymorton]

These are great tips! Important to have a logical plan set in place before something this emotional happens

[nidhi]

Very heartfelt and logical! Keep up the good work!

[bradbeckett]

Mortgage industry= crippled with raising rate environment. Good timing in the video. Hope to find something soon.

[emiliasaintmedia]

I'm the one looking for jobs on the low. My boss threatened to replace me.