So, you’re getting a severance package, now what?
The day may have started out just like any other. However, that all changed when you got to work.
That’s when your life changed, and now you’re in shock. You’ve just found out that you’re being let go and your employer has placed a severance package offer in front of you. Often you are escorted back to your office to clear out your desk, hand in your phone and leave the premises. The shock can be overwhelming.
Whether it was due to downsizing or employment performance issues, the trauma is often the same. If you are financially stable, near retirement, or disliked your job, your termination may come as a welcome relief. However, most people are unprepared for a sudden career transition. Take a few deep breaths, relax and get ready to a new financial reality. Most importantly do not make any rash decisions that you might regret later.