Layoff Checklist (4/24/2025)
Let’s talk about something no one wants to think about—but more and more people are thinking about: the possibility of getting laid off. 😬
Even if everything’s fine right now, there’s a quiet undercurrent of uncertainty in many industries (maybe not so quiet if you’re doom scrolling or even paying modest attention to the news.) I’ve had friends bring this up recently with a mix of dread and “should I be doing something just in case?” vibes.
The answer? Yes. Yes, you should.
Creating a “just-in-case” layoff plan doesn’t mean you’re manifesting bad luck—it means you’re putting yourself in the driver’s seat if something unexpected happens.
Even better, you could be the one to make the move! Whether it’s burnout, misalignment with your values, or just that feeling in your gut that says, “I can’t do this anymore” (or “I hate this goddamn job and I don’t need it!”)… deciding to walk away is a huge decision. And it’s one that deserves just as much planning as any sudden job loss.
Here’s what I shared with a friend recently, and honestly, it’s a solid checklist for anyone who wants to feel ready, not rattled:
📋 Your “Prepare to Get Laid Off”/”Tell your Boss to ‘f*** off’” Checklist
✅Build your cash cushion.
Ideally, aim for enough to cover 6–12 months of essential expenses. If you’ve already got this locked in, amazing. If not, start now—even a small buffer is better than nothing.
✅Update your resume.
Don’t wait until you need it. Take a quiet Saturday morning to update your LinkedIn, brush up your resume, and keep a running list of accomplishments and wins.
✅Create a debt strategy.
Make a list of your current debts and minimum payments. The goal: stay current on payments to protect your credit, but don’t overpay until you have more clarity about future income. If you stop receiving a paycheck, liquidity is more important than being debt-free. Pay the minimums for now.
✅Explore income back-up options.
If you have a spare room, research how much you might be able to rent it out for. Have a side hustle idea? Start poking around. It’s about giving yourself choices, not pressure.
✅Know your health insurance options.
It’s not fun, but a quick look at COBRA or ACA Marketplace plans can prevent a lot of stress down the line.
✅Warm up your network.
Reach out to old colleagues, grab coffee with someone in your industry, comment on posts—stay visible and engaged. Networking is way easier when you’re not asking for anything yet.
💡 The goal isn’t to stress yourself out. It’s to calm anxiety and give yourself the peace of mind that comes from knowing you’ve got a plan.
Because if that “what if I lose my job?” thought is lingering in the back of your mind… making a plan might be the most empowering thing you can do this weekend.
Wishing you good financial health,
