I recently found myself contemplating what I would do if I received just 48 hours' notice of being laid off due to a company restructure. The scenario is daunting; I would have to keep it all to myself and not share the news with my coworkers. One thought that crossed my mind was to go on FMLA to buy some time. Another idea was to secure a home equity line of credit before the layoff became official, as I know it would be much harder to get approved once I'm unemployed. Having access to extra funds, even if I don't end up needing them, would definitely ease the transition.
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