is a great article by Rachel E. Pine. Here's a blurb:
"It's not fun. It's not easy. It's certainly not something people like to think about. But companies can and do go belly-up. Flop. Fold. Cease to exist. And other companies can and do lay off even their most loyal and talented employees. For the now formerly employed employee it's time to do some quick thinking and planning. Mourning with your co-workers may be cathartic, but it will only make you feel better for a couple of hours. After that you'll need to make some pretty quick decisions about medical coverage, severance, outplacement, recruiters, referrals and unemployment insurance. But relax, really. Things may be much better than you think."
Pine then hits seven specific steps the newly unemployed might consider, from ideas on medical coverage, to getting reimbursements for expenses, to gathering information for unemployment insurance. Take a look at her full article here, as originally found on Vault.com.
I would add to her tips that a good employment lawyer can be invaluable in helping workers to review severance agreements, negotiate favorable terms, avoid the potential pitfalls, and explain responsibilities and legal rights.
There is hope for a brighter future.