Reply to DH just lost his job - any temporary cost-cutting tips?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hey OP, no additional suggestions, just wanted to say sorry.  I got laid off last spring and it sucks.  Not sure what industry he is in, but 4 months may be optimistic.  You should definitely plan for longer, just in case.  I don't think people who haven't been out of work don't realize how crappy the job market is and how much competition there is for every single job.

My husband and I have both been through this, as have two of my siblings.  Even if he seems ok, it will be a real blow to his confidence and his ego.  Be kind to him and to yourself.

[/quote]

Thanks! We were through this once before a few years ago when the market was worse and he was out for approx 4 months, so I am just going by that. He is a very aggressive networker so that is very helpful. He also already has an interview set up through a recruiter. We are waiting to hear exactly what the severance package is (hopefully its at least a couple months).

Its terrible blow to his ego bc it was super unexpected. The office was really slow lately and he is probably the highest paid (and slightly overqualified) in his particular position. Thats our only guess as to why he was let go while others were kept, even though there were a few others laid off at the same time. He was just really happy there and it was completely unexpected.  We were actually just talking about his bonus :(

I told him to just take care of himself and find himself another job and I would handle all the budget and household type things. I wish there was some way to make it better for him bc he was so optimistic and excited about the job (had been there approx 2 years). [/quote]

I have no idea what industry he is in - but to expect a few months severance with 2 years tenure may not be realistic.  I worked for a large consulting firm a few years ago and was a part of a downsizing - I got 2 weeks for each year.  [/quote]

He works in finance.  They said something about being on the payroll to February - so I dont know if its a month or through Feb and its there is severance in addition to that. He should be finding out today, just hasnt called me yet. [/quote]

This is a little vague - which I get. (Corp Fin vs Private Equity vs Op buds vs General analytics)... but my firm is hiring... Depending of his expected income/level, there may be a role. If you are willing to get me a resume, I'll be happy to look / get it in front of the right folks. If you have a throwaway gmail email address post it here and I'll reply. [/quote]

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