What to Do If You've Lost Your Job Because of COVID-19

You're not alone, but there is an action plan.

learn more about Debby Carreau

By Debby Carreau

seksan Mongkhonkhamsao | Getty Images

Opinions expressed by Entrepreneur contributors are their own.

If you've been laid off during the COVID-19 pandemic, you're not alone. Millions of Americans are losing their jobs as businesses across the country shut their doors or cut back on operations at an unprecedented rate.

If you've lost your job or been furloughed, start with these seven steps to regroup and, eventually, rebound.

1. Ask the right questions

The first step is communicating with your employer. There are different types of layoffs. Some may not even be legal, or they may be addressed in your employment contract or collective agreement. Figure out if your employer is willing to commit to your return to work. Knowing the timeline can be very helpful for planning your finances and how you approach the time off.

2. Find the right support

There are multiple programs today to support workers, but be sure to register for unemployment benefits as quickly as possible, as the influx of applicants is causing a backlog. Also, watch for information on further Congressional emergency-response bills, which could entitle you to additional funds.

3. Be professional

In almost all cases, employers are trying to do their best during a difficult situation. How you act will speak volumes about your character, and as tempting as it may be, now really isn't the time to post negative things on social media. Businesses will rebound; think about how your actions will be remembered.

Related: For International Dominatrix Mistress Eva Oh, Business Is Booming

4. Take care of your mental health

Being laid off can be an overwhelming and stressful experience of loss and change. Make sure you are focusing on your relationships, getting fresh air and exercise, taking time for yourself and know-how and getting up to speed on where to reach out for help if you need it.

5. Write a budget

As overwhelming as it may be, work on a financial plan. Take advantage of the time you have to find other ways to save, like calling your bank, mortgage broker and utility providers to ask to defer payments. Or look for auto subscriptions on your phone or credit cards to cancel. These small amounts can add up and can be empowering, giving you a feeling of control during a very challenging time. Understanding your financial reality may encourage you to decide to seek employment in the few industries that are currently hiring.

6. Stay connected with your employer and coworkers

If your layoff is temporary, I encourage people to stay connected with their team and proactively check in. Empathy and will be remembered when COVID-19 has long passed.

7. Put long-term goals on hold

Now is not the time to worry about the long term. Focus on what can be done in this moment to get through the next few months. Everything will get back on track, but consider planning in 30-to-90-day increments. It's much less overwhelming and gives you lots of flexibility to embrace opportunities that come your way.

Good luck, and don't lose hope.

Debby Carreau

Entrepreneur Leadership Network Writer

CEO, Author and Entrepreneur

Entrepreneur, author, CEO and founder of Inspired HR. Debby was recently honoured for a 4th consecutive year as one of Canada’s Most Powerful Women marking Debby's induction into Canada’s Top 100 Hall of Fame as the youngest inductee in history.

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change

6 Ways to Wring All the Value from Your Earned Media Coverage

Press coverage can help your brand gain visibility and increase credibility — but not if no one sees it. What can you do to get more value from the media placements you've worked so hard to earn?

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business Solutions

What Bill Gates and Steve Jobs Taught Me About Getting to Know Your Customers

Despite the push toward chatbots and technology-driven customer service, nothing can replace determining what your customers want through personal social interaction.

Business News

Out With the Kibble and In With the Steak. The World's Richest Dog Has a Net Worth of $400 Million – And a New Netflix Docuseries Too

'Gunther's Millions' is set to unpack the pooch's mysterious fortune and what those around him have done with his inheritance.


Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.