How to Navigate a Tech Layoff

career layoffs Jun 02, 2025

Losing a job—especially in tech—can be overwhelming. Whether it came unexpectedly or you sensed it coming, a layoff can shake your confidence and your finances. But it doesn’t have to define your story. At Black Heights, we believe in turning setbacks into setups for something greater. Here’s how to navigate a tech layoff with clarity, resilience, and strategy.

1. Recenter, Then Respond

Give yourself space to process what happened—but don’t stay stuck. A layoff is a transition, not a full stop.

Apply for unemployment benefits as soon as you’re eligible. Every state has its own process, so get informed quickly.
Reassess your budget. Cut unnecessary spending and prioritize essentials until your income stabilizes.
Update your resume and LinkedIn profile. Make sure they reflect your most recent experience, measurable results, and skills. Recruiters actively search profiles—make yours work for you.

2. Strengthen Your Network

Your next opportunity may come through someone you know. Start connecting intentionally.

Reach out to former colleagues, mentors, and peers. Let them know you’re in transition and open to new roles.
Engage on LinkedIn. Share insights, projects, or thought leadership in your area of expertise.
Join online communities or industry meetups. Black tech groups, virtual events, and alumni networks can be powerful sources of support and leads.

3. Reinvest in Your Skills

Tech changes fast. Staying competitive often means staying current.

Take a certification course or explore a new tool. Whether you're deepening your existing expertise or pivoting into something new, investing in growth pays off.
Use this time to reflect. Have you thought about switching roles or industries? This may be the moment to explore that path.

4. Explore New Job Opportunities

Cast a wide net—and be strategic.

Look beyond your current city. Many tech companies are hiring remotely or across multiple locations.
Tap into niche job boards, newsletters, and recruiters. Don’t rely solely on big-name job sites.
Track your progress. Create a spreadsheet to monitor applications, interviews, and follow-ups.

5. Know What Benefits You’re Owed

Don’t leave money—or support—on the table. Your employer may offer benefits that can ease your transition.

Health Insurance (COBRA): This allows you to extend your company coverage for 18–36 months, depending on your state. It can be costly, but crucial—especially if you have dependents.
Severance Pay: Some employers offer a lump sum or continued pay. Be sure to ask what’s available and review any agreements carefully.
Retirement Accounts: If you had a 401(k), you may be able to leave it where it is or roll it into an IRA.
Outplacement Services: Some companies provide resume support, coaching, or job search assistance.
Training Funds: Employers or local programs may offer vouchers or free courses to help you upskill.

Check with HR, and also explore your state’s unemployment office to ensure you access everything you’re eligible for.

6. Understand Your Equity (If You Had It)

If you had stock options or equity, now’s the time to understand what you keep—and what you might lose.

Vested RSUs: These are typically yours to keep. You can sell them or hold depending on your strategy.
Unvested RSUs: These often disappear unless otherwise stated in your agreement.
Tax Implications: RSUs are taxed as income when they vest. If you sell later at a gain, that’s a separate capital gains tax. Talk to a tax advisor if needed.

Equity compensation can be one of your largest financial assets—make sure you know the rules before making any moves.

7. Take Care of Yourself

A layoff is more than just a career event—it’s personal. Make space to recharge.

Rest when you need to. Burnout won’t help your job search.
Reflect on your direction. What have you learned? What do you want next?
Reconnect with purpose. Whether that’s through family, community, or creative projects, staying grounded can help you move forward with intention.

Final Thought

You are more than your job title. A layoff doesn’t diminish your value—it’s simply a chapter, not the whole story. At Black Heights, we believe that setbacks are often the foundation of your next breakthrough. With a focused mindset and smart strategy, you can turn this moment into momentum.

Let’s rise higher—together.

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