What To Do IMMEDIATELY If You're Laid Off
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- čas přidán 28. 07. 2024
- 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!
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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.
In New York you can get unemployment if you've fallen below a threshold
?? Not true. While you are employed, both of you and your employee pay into employment insurance system. After the termination, it's the gov't who pays you EI. Your employer don't lose a dime at all, it ain't their responsibility to pay you anything after your termniation
Sorry, pray this is a redirection to a better place, its not a rejection
The lack of high-end materials makes replicas more accurate, and brands want to change for the sake of labels, not quality. There are benefits for counterfeit goods *hotdups*
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.
💓
I’m sorry to hear about your job. I also lost my job yesterday. Best of luck to you in your next steps! We’ll get through it :)
💜💜
How's it going? Any updates?
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.
Super quick and helpful tips! Thanks Vivian!
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.
No you won't. It's your money. I am human resources
@@BlackGirlMajik Maybe the rules were changed in the last 3 years, but when I was let go, that's what happened.
*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*
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Trade with him and remember to share testimonies with others
Lol. Sure Jan
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.
This is a timely and important video. Thank you!
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.
Trying find a job for 6 months
Unemployment ran out…. Getting mad and have animosity for everything now.
@isiahj1286 What line of work are you in?
@@authenticglobetrotter3148 majority construction 🏗️ masonry mainly
Very heartfelt and logical! Keep up the good work!
These are great tips! Important to have a logical plan set in place before something this emotional happens
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.
This is GOLD Jerry, GOLD.
Thanks for all the great content!
I was wondering if you could maybe do a video on what would be the best states to to work in when you factor in cost of living, taxes, average salary differences within the same jobs, and other similar factors?
Fantastic advice!! Thank you for the video
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
Actually, not everyone can afford expensive bags. Fake goods are also good, and their cost-effectiveness is quite high *hotdups*
Excellent tips!
Thank you so much.
On topic great information
I'm the one looking for jobs on the low. My boss threatened to replace me.
You didn’t mention COBRA and other interim health insurance options.
Lol, COBRA is NOT affordable, at al, to anyone with just unemployment benefits.
Actually, not everyone can afford expensive bags. Fake goods are also good, and their cost-effectiveness is quite high *hotdups*
Isn't cobra ridiculously expensive?
@@drunkdonutboy Cobra is just the full unsubsidized cost plus a 2% administrative fee. Definitely ridiculously expensive, but similar to unsubsidized ACA insurance. There are no inexpensive options unless your annual income is low.
It's an awful feeling. :(
Thank you.
Great!
Mortgage industry= crippled with raising rate environment. Good timing in the video. Hope to find something soon.
I'm a licensed addiction counselor and about to receive my MSW and go into outpatient therapy - recession proof!
Glad I saw this. I moved to new state but with same job. Googled benefit term and new state only pays 26 weeks vs old state which pays 52 weeks. Fear of being laid off made me start researching. This sucks.
Not sure what it is..... But I was able to job hop myself to 40% bump....
So did my neighbor. But he was also one of the first ones they laid off when it got tight because he was new. So.. Be careful and work hard.
Uhh, when does working hard have to do with anything. I wish it did. I always work in big companies that are actually just sororities or lesbian cabals.
I am on performance improvement plan
They really know what they're doing when they do this. It absolves them from wrongful termination suits even if you were a good employee.
Hi, Thanks for the advice. I had all those things checked off and had some people look over my linked and still had no DMs. Let me know if anything else I can do.
Thanks Vivian, great content as usual 👌
Could you please share which brokage would you recommend to start investing in ETF with zero or very low fee but safe n trust worthy for beginners!!!
Greatly appreciated 🙏
I’m brutal. Some folks are just there for the paycheck & hold others back. At the time, they were not productive and my budget could be better utilized.
On the other hand, it would be good to look into COBRA plans or Obamacare. You never want to be uninsured because that can break a lot of us financially or damage credit ratings.
In Italy our american Company decided to lay off people. They needed a mandatory 2 months notice to the employee and to pay 2 years of full salary + vacation days still unused and bonuses. The fact that this doesn't happen in the US Is astounding to me. Plus an employee gets 12 months of unemployment (75% of your previous salary. God I Wish i was let go
💚
I have been blacklisted after threatening to sue my former employer, nobody will hire me unless i got invited to apply which is how I got my current job ive been at for 2 years. Lawyers are useless since they cannot control what they say and they are a Government agency themselves. I don't know what to do about this. (The person I had complained about was fired eventually but that still didn't help my case)
Thank you for sharing your story. This does happen to laid-off employees who have a strong case for discrimination. If you threaten a lawsuit, or if it’s found out that you’re pursuing a lawsuit, word gets around about it, and you get blacklisted as a “troublemaker”.
Hi! I love your content! I find myself in my 30’s without a college degree and I’ve been self employed. Now I want to go back to college to secure my future. Is there any hope being in my late 30’s starting over from scratch to get a tech degree? It feels hopeless
Yes for sure! It's never too late to start
If you go back to school, avoid for-profit college. They have weaker reputation and sometimes cost more than traditional schools.
I just got laid off today and did get a notice compliant to california unemployment insurance code 1089. Should I ask for a separate layoff letter?
Travel. This is when you have time of that you can actually take. It's great if you've saved up the money to spend on nice accommodations, but staying with a friend and avoiding the tourist traps might be an option.
*If you're getting unemployment there are rules and if you set a VPN your case gets frozen and flagged.
hi there! If I was laid off 2 months ago and I am just now filing for unemployment, can I still get the money for the last 2 months? Thank you!
very helpful info, thank you
Does anyone have experience with temp employment? I was told yesterday 6-7 23 that my position is closing july 1.
I got laid off yesterday:(
Hard to pay the bills, when you couldnt save that security nest egg when you didnt make enough to live month 2 month..........
Yeah this is me … lol …
@yourrichbff Vivian, are a fox boo ❤
My company is giving me 1 week severance for every year lol
Don’t feel to bad. My company didn’t offer me even 1 day of severance for the 8 years I worked for this shit company.
@@Thatboylenny56darn, what company if you don’t mind disclosing?
These “Tech Lay-Off” videos are the new “Women Hitting the Wall” content … I love it !!!
Why are all these people not saving any money. They get lied off and 3 months late homeless life begins.
Chal Bhag 25 K😂
Sick filmy gang
Let me hit vivian 🎯😘
GET A NEW JOB //
¿Cuál es el miedo? Trump ya fue presidente.
go find yourself Mcdonalds Job and make hamburgers ! seriously my advise to you !!!