Wife Laid Off

My wife’s company has been struggling and finally decided on Friday to layoff the entire sales force off.

It’s unfortunate, but not a total surprise. She had already survived 2 rounds of layoffs with this company and there were rumors and signs things were coming to a head.

Where does that leave us? Not in too bad of shape, actually.

• She will receive 2 weeks severance
• Her vacation will be cashed out
• She’ll be bonused on any sales until 4/2
• She gets to keep her company car for 2 more weeks

With $475/week of unemployment and reducing some of our expenses, we shouldn’t even have to dip into savings. Speaking of savings, with our tax return, our savings jumped from $4,327.37 to $9,320.43. We’ll likely need to use some of this to buy a used car, but the rest can act as a cushion. Plus, we should be able to continue to add a little bit into savings each month.

My wife is so on the ball, she’s already lined up a phone interview for tomorrow.

2 thoughts on “Wife Laid Off”

  1. Sorry to hear that!

    It sounds like your wife has her head on straight! I’m sure some opportunity will pop up.

    At least this year has more potential than last year!

    Good luck to you both!!!

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