Oh my! You have just learned that your job has been eliminated or you’ve been demoted from your current role. What do you do? First of all, try not to panic.
Downsizing does happen… but not to me, you say? This is probably no comfort, but downsizing is not uncommon, and it can happen to anyone. So, take some deep breaths and move past the denial stage. Try to relax and put together an action plan. Just like anything else in life, you need to start taking steps to better your situation and get what you want.
First, let’s review some “housekeeping” issues.
Collect Your Final Paycheck
Make sure that you know when you will receive your last paycheck, and how it will be delivered to you. Some states require employers pay it immediately; others may allow a short time lag. Make sure you get everything that is due to you. Entitlements could include monies for overtime, back pay, accrued vacation, or sick leave. Talk to the appropriate person in your HR department to learn what yo