The number of laid off workers is on an increase. Therefore we have formulated a list of tips to be considered for the laid off employees. Do not withdraw money from your 401(k), unless all the options are exhausted. You would be losing a lot of money such a way. Try to look up for some other sources of income such as the home equity or other line of credit. You may also take up a part time job, which doesn’t necessarily have to be related to your field. Freelancing could also be another option to make some extra money.
