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Fortune
Fortune
Kaitlyn Koterbski

What should you do with your money if you were laid off

Photo illustration of a cardboard box full of office desk supplies on top of a stack of bills. (Credit: Photo illustration by Fortune; Original photos by Getty Images (2))

Several major corporations in tech and media industries, such as Twitter, Meta, and Microsoft, have announced massive layoffs last year in response to decades-high inflation rates that hint toward the possibility of a recession. Other industries including food, transportation, and retail have followed suit, which leaves workers wondering if their role will be impacted. 

If you were informed that your job is among those impacted by a mass layoff, it’s important to create a plan right away so you can prepare for the major financial changes that come with being laid off. 

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