Ever thought about doubling or tripling your income by getting laid off? It might sound backwards, but my guide, “How To Engineer Your Layoff,” is designed to show you exactly how to do that. Contrary to what you might think, getting laid off doesn’t always mean you’re left without income—beyond unemployment benefits, that is. I’m here to explain why this could be a financially and mentally rewarding strategy.
Turn Layoffs into Profitable Opportunities
For those who’ve read my book, you’re equipped to negotiate a severance package confidently. You’re no longer intimidated by your boss or HR; you’re on an even playing field and armed with the knowledge to benefit both yourself and potentially your employer too.
Examples of Income Boosting Through Strategic Layoffs
Let’s discuss real-life examples of people who’ve successfully used this strategy:
Marie’s Journey: Doubling Her Income
Marie was a clothing buyer earning $70,000 annually. Feeling burnt out and ready for a change at 30, we strategized her exit over six months. By the time she was laid off, she had networked and lined up future job opportunities. Her severance package included two months of base pay, ten weeks of severance, health insurance coverage, and unused vacation pay, totaling over $30,000. She secured a new job at a startup within two weeks at the same salary, effectively doubling her income for three months thanks to strategic planning.
Joe’s Story: Tripling His Income
Joe, an investment banker tired of the demanding lifestyle, decided it was time for a change after eight years. We planned his exit to coincide with his bonus payout, maximizing his severance which included two months of base pay, 24 weeks of severance, health coverage, and vacation pay—a total of $139,338 excluding unemployment. Additionally, he had about $220,000 in vested company stock. By negotiating his layoff, Joe not only secured a hefty severance but also positioned himself for continued income through stock payouts and a new job with a corporate client.
Planning is Key
These examples show that with the right planning, it’s possible to dramatically increase your income through a layoff. Many fear the process because they don’t understand their rights or how to negotiate effectively.
Empower Yourself, Don’t Leave Money on the Table
I’ve seen too many people leave a job without any severance, struggling to find new work. Engineering your layoff, however, allows you to leave with a financial cushion and potentially a better position lined up. Take the time to understand your rights and the value you can negotiate for yourself. My book lays out detailed strategies and real-life case studies to guide you through this process. Don’t just walk away from an opportunity to enhance your financial stability and future career prospects.
Conclusion: Your Financial Journey Awaits
Understanding your worth and the possibilities of severance through strategic layoffs can significantly impact your financial health and career trajectory. Explore further, plan meticulously, and equip yourself with the knowledge to turn a potential setback into a substantial financial step forward.
