The company was bought. Then you were laid off. Here is what to do next.
What to do right now
In the next hours.
- 01
Do not sign the separation agreement on the day it arrives
Federal law gives you twenty-one days to consider a separation agreement (forty-five if it is part of a group layoff) and seven days to revoke it after signing. Use them. If the document is more than five pages, an employment lawyer for one hour is worth it — many will review for $300-500 and frequently find more money.
- 02
Map out exactly what happens to your equity
Pre-acquisition stock options, RSUs that converted, signing bonuses paid in stock — each has different rules in a layoff context. Read your equity grant documents and the merger agreement summary if it is public. The most common surprises are unvested RSUs that should have accelerated under double-trigger clauses and pre-IPO options that have a short exercise window after separation.
- 03
Check whether you qualify for retention-bonus carve-outs
Many acquisitions pay retention bonuses to key employees, structured to vest six to twenty-four months after the deal. If you were promised one and then laid off, the contract often pays out pro-rata. If you were not on the list but were doing equivalent work, ask. The acquirer's HR may say no. They may also say yes.
- 04
File for unemployment immediately, even with severance
Severance does not always block unemployment, and in many states, the unemployment claim's clock starts when you file — not when the severance runs out. The amount may be reduced or delayed by severance, but the claim should still be open. Filing early protects your full benefit period.
- 05
Use your acquirer's network
Most people leave post-acquisition layoffs angry at the acquirer and never speak to them again. That is usually a mistake. Acquirers are large companies with portfolio companies and contacts. The HR partner who handled your separation often knows who is hiring at the other portfolio companies. Ask them once, politely, before you cut off contact.
A note before the search begins
Before any of that.
How CareerCanopy helps
What the companion does today.
- A plan that uses severance as runway, not as a deadline
- Severance is a gift you should treat as time, not pressure. The companion builds your sixty-day plan around the runway your severance buys you — and tells you when, specifically, you need to recalibrate if the search has not landed offers by a particular week.
- Skill translation for a story that does not require explaining the acquisition
- Most acquired-company employees can describe their work without mentioning the acquisition at all. The companion helps you rebuild your résumé and interview story around what you actually did — your work, your outcomes, your team — without making the acquisition a centerpiece. Hiring managers do not need the long version of the M&A story.
Scripts for this moment
The exact words, if you want them.
- 01What to say when negotiating severance
A short counter-offer email and a phone script for negotiating severance after a layoff. Specific asks, calm tone, no apology.
- 02How to explain a layoff on LinkedIn
The open-to-work post, the headline, and the about-section line for explaining a layoff on LinkedIn — without the performance and without the cringe.
Questions
Common questions
Should I sign the separation agreement right away?
Will my equity vest if I am laid off after an acquisition?
Can I work for a competitor of the acquirer after this layoff?
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Your plan is built around what you tell us — not a template.
Start with a few questions. The rest follows.
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