{"id":41577,"date":"2026-02-27T16:54:42","date_gmt":"2026-02-27T16:54:42","guid":{"rendered":"https:\/\/financialrush.com\/?p=41577"},"modified":"2026-02-27T16:54:42","modified_gmt":"2026-02-27T16:54:42","slug":"what-to-do-after-a-sudden-job-loss","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=41577","title":{"rendered":"What to do after a sudden job loss"},"content":{"rendered":"

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Marco Bello | AFP | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Fintech company Block<\/a>\u00a0announced Thursday it was laying off about half its workforce<\/a>, adding more than 4,000 workers to the unemployment ranks overnight. <\/p>\n

When a significant share of a company’s workers face a sudden job loss<\/a>, that can trigger a number of unique financial and career challenges, experts say.<\/p>\n

With mass layoffs, “you really are in a very ‘Hunger Games’-like competition against a lot of people to get the very few jobs that are available,” said career coach Tessa White, founder of The Job Doctor.<\/p>\n<\/div>\n

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Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Data suggest the number of layoffs is on the rise: Layoff announcements among U.S. employers in January were the highest to start a year since 2009<\/a>, according to outplacement firm Challenger, Gray & Christmas. <\/p>\n

“Generally, we see a high number of job cuts in the first quarter, but this is a high total for January. It means most of these plans were set at the end of 2025, signaling employers are less-than-optimistic about the outlook for 2026,” Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas, said in a statement<\/a>. <\/p>\n

Other companies, including Amazon<\/a>