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It never hurts to be prepared for the worst. Especially when it comes to losing your job.


If you ever get laid off, as opposed to fired, it’s never your fault. Layoffs are financial decisions made by companies, and can happen at any time. The transition is never easy, but preparing responsibly, even if your job feels secure, can make this process less painful if and when it comes up. What are steps you can take today to prepare?

We spoke to executive career transition coach Susan Peppercorn about how to prepare for a layoff. Her top four pieces of advice are essential bedrocks of individual career management: keep track of your accomplishments, nurture your network, back up important information, and be on top of your savings (give yourself a financial runway). You want these to become everyday habits for the long term.

Learn more about Susan Peppercorn at https://positiveworkplacepartners.com


At Harvard Business Review, we believe in management. If the world’s organizations and institutions were run more effectively, if our leaders made better decisions, if people worked more productively, we believe that all of us — employees, bosses, customers, our families, and the people our businesses affect — would be better off. So we try to arm our readers with ideas that help them become smarter, more creative, and more courageous in their work. We enlist the foremost experts in a wide range of topics, including career planning, strategy, leadership, worklife balance, negotiations, innovation, and managing teams. Harvard Business Review empowers professionals around the world to lead themselves and their organizations more effectively and to make a positive impact.

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