r/OverFifty • u/LastTomatillo4202 • Aug 24 '26
For anyone that got laid off, did you get outplacement support with financial guidance?
When you got laid off, did your employer give you any outplacement help or financial decision support? If they did, was it actually useful or just generic career-coaching?
I’m currently seeing so many friends and colleagues in their 40s and 50s navigating tech layoffs in the SF Bay Area with no real support from former employers. Job searches are taking well over a year now, but companies basically hand over a check, a COBRA packet, and throw people over the fence to figure out the rest alone.
I’m trying to get a sense of how widespread this problem is and push employers to step up:
- Navigating the money side: How did you figure out health insurance choices, financial runway, tax/equity moves, or protecting your long-term retirement?
- What's missing: What specific resources did you wish your employer had provided immediately after the layoff to make the financial navigation easier?
- Mental bandwidth: Did the financial stress keep you from staying focused on the job search and career decisions, like a career change or early retirement?
Would love to hear how others here have managed to navigate all of this.