What should you do in the first 72 hours?
- Don’t sign anything on the spot. Ask for the severance or separation agreement in writing and take the time you’re allowed to review it.
- Write down your last day, final pay, unused vacation, bonus, equity vesting and health coverage dates.
- Save your own contacts, performance reviews and work samples you’re allowed to keep (never confidential material).
- File for unemployment benefits quickly. In the US, you apply through your state’s unemployment insurance office, and rules vary by state; in Israel it’s Bituach Leumi. Our guide “Laid off vs fired: the difference, and how to explain each” covers who usually qualifies.
- Ask your manager or a senior colleague now whether they’ll be a reference.
How do you work out your runway?
Add up savings, severance and expected benefits, then divide by your monthly essentials. That number tells you how selective you can be. Cut non-essential subscriptions early; it buys time and calm.
How do you explain a layoff?
One honest sentence, then move forward:
- “My role was one of 120 cut when the company restructured after the funding round.”
- “The team was closed when the product line was sold. I’m proud of what we shipped; here’s what I want next.”
Layoffs are common and rarely held against candidates. Don’t apologize or over-explain.
How do you explain being fired?
Keep it short, own it, and show what changed:
- “It wasn’t the right fit: the role became mostly enterprise sales, which isn’t my strength. I learned to ask about that in interviews, and I’m targeting product-led teams now.”
Never criticize the former employer. Make sure your story matches what a reference would say.
What should you do in week one?
- Update your resume and LinkedIn with your last role’s results while they’re fresh.
- Tell your network what happened and exactly what you’re looking for. Specific asks get specific help.
- Pick 20 target companies and look for second-degree contacts at each.
- Set a routine: a fixed time for applications, outreach, learning and rest.
How do you look after yourself?
Losing a job is a real loss, and feeling shaken is normal. Keep your sleep and exercise steady, talk to people you trust, and count small wins: messages sent, conversations had. If low mood lasts or you feel unsafe, contact a professional or a local support line.