You Just Lost Your Corporate Job Due to the Coronavirus Crisis. Now What?
The coronavirus is having a big impact on many industries -- energy, airlines and hospitality, just to name a few. While President Trump and Congress are working to help provide resources and support programs to those without a financial safety net, plenty of higher- paid corporate managers and executives may also lose their jobs in the coming weeks and face financial uncertainty.
If your job is eliminated, you may need to make several personal and financial decisions quickly, which can be stressful. Here is a quick guide on how to be prepared and how to make these decisions:
What to Do with Your Severance Pay
The amount you may receive will vary by company,
