wealth_building_69's journey

I’ve been thinking a lot about the possibility of layoffs lately, especially since I work in tech where job cuts have been significant. I’m currently employed at a mid-sized tech company and while I don’t want to dwell on the negative, I realize that it’s crucial to prepare for the unexpected. I’ve seen the numbers: over 443,000 job cuts announced in the first half of 2026, with tech alone accounting for more than 139,000 of those. It’s a stark reminder that I need to have a plan in place. I’ve started working on my layoff readiness plan, and here’s what I’ve come up with so far: 1. **Know my runway**: I calculated how long I could survive without a paycheck by listing all my must-pay expenses like rent, groceries, and insurance. This gives me a clearer picture of my financial situation. 2. **Save important documents**: I’ve begun downloading personal copies of my pay stubs, offer letters, and benefits summaries while I still have access to the company systems. I don’t want to scramble for these later. 3. **Update my resume**: I’ve started updating my resume with my current role, recent projects, and measurable impacts. I know it’s easier to do this now than when I’m under stress. 4. **Build a referral list**: I’ve made a list of people I could reach out to if I need help finding a new job. This includes former managers, coworkers, and LinkedIn connections. Networking is key. 5. **Watch for company signals**: I’ve been paying attention to any signs that might indicate layoffs are coming, like hiring freezes or budget cuts. I want to be proactive. 6. **Understand severance and benefits**: I’m researching how severance is calculated and what my options are for health insurance if I get laid off. It’s important to know what to expect. 7. **Create a 30-day emergency action plan**: I’ve drafted a plan for what I would do in the first 48 hours and the first week after a layoff. This includes updating my resume, applying for jobs, and reaching out to my referral list. I feel more empowered having this plan, and I hope to avoid the panic that comes with being unprepared. I’d love to hear any additional tips or resources others might have!