Dealing With Layoffs

1
Dealing With Layoffs

• Things to remember
• A firing is a negotiable transaction
• Companies do not want lawsuits
• Companies do not want a mean spirited image that
  makes it harder to recruit
• Companies do not want to bring down the morale of
  their remaining employees

2
Strategies for leverage

• I just want to be treated fairly
• Do not threaten to sue
• Do not insist on resigning instead
• Do not try to bargain- DO appeal to corporate
  decency and fair play
• Ask for settlements in writing

3
Things to do

• Review company handbook
• Consult with others in the field/industry
• Find out the deal that previously fired employees
  got
• Ask for a months salary for each year of service
• Ask to continue health insurance

4
Things to Do (continued)

• Payment for unused vacation/comp time
• Ask for prorated bonus
• Ask for a settlement if not vested in retirement
  plan

5
Remain Professional

• The most important thing you can take with you is
  your professional reputation
• Negotiate references
• Send thank you notes to those agreeing to be a
  reference outlining the job strengths you plan to
  use in your next interview

6
Finding the Right New Job

• Pursue a career you will enjoy
• Knows your talents- Myers Briggs
• Volunteer or take up a second job
• Keep your resume current
• Keep a network

7
UCF Graduates

• Utilize Career Resource Center and/or Alumni
  Associations