FIRED OR LAID OFF…NOW WHAT?
In these tough economic times, many people will lose their jobs as companies downsize during these dark financial days. What should you do if your employer fires you or tells you that you are being laid off for an undetermined period of time?
The first thing to do is catch your breath and don’t sign anything too quickly. If you are presented with a severance package…take the time to read it closely and discuss its legal implications with an attorney. If you are asked to sign a noncompete or non-solicitation or non-disparagement agreement, PROCEED CAREFULLY!
These agreements can have long-lasting effects. And many of these agreements are subject to negotiation with your soon-to-be ex-employer.