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Welcome to the 24th edition of the Tech Financial Planning (TFP) newsletter.
2022 and 2023 have been brutal for tech employees - so far in 2023 there’s been nearly 150,000 people laid off.
Losing your job can be extremely stressful, both professionally, personally, and financially.
in this newsletter, we will share a checklist that covers key areas to consider if you or someone you care about loses their job.
TL;DR
Tech companies (both big and small) have been laying off like crazy in 2022 and 2023
If you lose your job, you have a number of key financial decisions to make
And if you have equity compensation, this is doubly true.
What Do I need to think about if I get laid off?
Getting laid off sucks, full stop.
On top of the stress and uncertainty, there are some big potential impacts to your finances.
Some of this includes:
Cash flow (like how long will your emergency fund last?)
Equity Compensation (like do you need to exercise stock options?)
Insurance (what’s your plan for health, life, and disability?)
Retirement accounts (what are you going to do with your old 401k?)
Financial planning (is there a way to take advantage of a potentially lower income year?)
Download the guide here (No Email Required)
What Do I Need To Think About If I Get Laid Off?
WHENEVER YOU’RE READY, THERE ARE 3 WAYS I CAN HELP YOU
1. Connect with me on LinkedIn, where I post every weekday (unless I’m on vacation). https://www.linkedin.com/in/marshalljoe/
2. Subscribe to the “Tech Financial Planning” newsletter to get equity comp and financial planning strategies in your inbox every Saturday. It’s free: TFP Newsletter
3. Want one on one help? Schedule your Get To Know meeting