--- title: Why You Need to Prepare for Layoff Now [W&S 101 ft Nina Devouge & 9 to 5 Millionaire Mindset] description: Join The Financial Coconut for insights on personal finance, investing, and wealth-building strategies. Start your path to financial literacy today! image: https://www.thefinancialcoconut.com/hubfs/WnS%20%20(7).png --- [Skip to content](https://www.thefinancialcoconut.com/blog/ws-101#main-content) [![Full_COlour](https://www.thefinancialcoconut.com/hs-fs/hubfs/Full_COlour.png?width=456&height=80&name=Full_COlour.png)](https://www.thefinancialcoconut.com/) - [Retirement Marketspace](https://retirementmarketspace.thefinancialcoconut.com/) - [Events](https://www.thefinancialcoconut.com/events) Show submenu for Events - [For Investors](https://tfcmysterymeetup.com/) - [For Business Owners & Creators](https://ipcreatorunite.peatix.com/) - [For Salaried Workers](https://www.thefinancialcoconut.com/thought-leadership-series) - [TFC Events](https://www.thefinancialcoconut.com/events) - [Shows](https://www.thefinancialcoconut.com/tfc-shows) Show submenu for Shows - [Wise and Shine](https://www.thefinancialcoconut.com/wise-and-shine) - [The Business Show](https://www.thefinancialcoconut.com/tfc-business-show) - [Chills with TFC](https://www.thefinancialcoconut.com/chills-with-tfc) - [Blog](https://www.thefinancialcoconut.com/blog) Show submenu for Blog - [Work Smart](https://www.thefinancialcoconut.com/worksmart) - [Invest](https://www.thefinancialcoconut.com/invest) - [Retire Well](https://www.thefinancialcoconut.com/retire-well) - [Business](https://www.thefinancialcoconut.com/business) Open main navigation Close main navigation - [Retirement Marketspace](https://retirementmarketspace.thefinancialcoconut.com/) - [Events](https://www.thefinancialcoconut.com/events) Show submenu for Events - [For Investors](https://tfcmysterymeetup.com/) - [For Business Owners & Creators](https://ipcreatorunite.peatix.com/) - [For Salaried Workers](https://www.thefinancialcoconut.com/thought-leadership-series) - [TFC Events](https://www.thefinancialcoconut.com/events) - [Shows](https://www.thefinancialcoconut.com/tfc-shows) Show submenu for Shows - [Wise and Shine](https://www.thefinancialcoconut.com/wise-and-shine) - [The Business Show](https://www.thefinancialcoconut.com/tfc-business-show) - [Chills with TFC](https://www.thefinancialcoconut.com/chills-with-tfc) - [Blog](https://www.thefinancialcoconut.com/blog) Show submenu for Blog - [Work Smart](https://www.thefinancialcoconut.com/worksmart) - [Invest](https://www.thefinancialcoconut.com/invest) - [Retire Well](https://www.thefinancialcoconut.com/retire-well) - [Business](https://www.thefinancialcoconut.com/business) - [Contact us](https://www.thefinancialcoconut.com/contact-us) [Contact us](https://www.thefinancialcoconut.com/contact-us) Nov 11, 2024, 6:30:00 AM # Why You Need to Prepare for Layoff Now \[W&S 101 ft Nina Devouge & 9 to 5 Millionaire Mindset\] ![Picture of The Financial Coconut](https://www.thefinancialcoconut.com/hs-fs/hubfs/Square%20(2)-3.png?width=50&name=Square%20(2)-3.png) [The Financial Coconut](https://www.thefinancialcoconut.com/blog/author/the-financial-coconut) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://www.thefinancialcoconut.com/blog/ws-101) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://www.thefinancialcoconut.com/blog/ws-101) [envelope icon](mailto:?body=https://www.thefinancialcoconut.com/blog/ws-101) [Share this page](https://twitter.com/intent/tweet?url=https://www.thefinancialcoconut.com/blog/ws-101) [![Follow The Financial Coconut](https://no-cache.hubspot.com/cta/default/46975693/interactive-182431637553.png)](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/redirect?encryptedPayload=AVxigLL2CjCe42iR2RH2MpVX0Ej%2BKJQ%2F3A0Z7pXnUs35To%2Bo6nbKcpBVq9I98X5NUungVEwfs5YCKuM%2FaP97VxIITkTlihT57%2F%2F4XDW9rT3VR4MatSLDi%2BMU5mbQqihfX3LRRz83ij8K19OiD8UXy8sdct4t0Q%3D%3D&webInteractiveContentId=182431637553&portalId=46975693)   We dive into a critical topic affecting professionals worldwide - layoffs. Featuring guests Shao Chun Chen, a former Google employee who went viral after sharing his layoff experience and now, Host of YT channel "9 to 5 Millionaire Mindset," and Nina Devouge, a veteran recruitment expert and CEO of Elleuminate Get perspectives on: - Why waiting until layoff happens is too late - Understanding the emotional and financial impacts - Practical strategies to stay ahead of the curve - Breaking the stigma around layoffs - How to navigate the transition period Whether you're currently employed or between roles, this candid discussion provides valuable strategies to help you stay ahead of the curve in today's evolving job market. Tune in to this eye-opening episode to learn why waiting until after a layoff happens is too late. **What We Discuss:** - [04:36](https://www.youtube.com/watch?v=jtku6jJzXYk&t=276s) Were there signs before the layoff? - [06:44](https://www.youtube.com/watch?v=jtku6jJzXYk&t=404s) What was your financial response to the layoff? - [10:24](https://www.youtube.com/watch?v=jtku6jJzXYk&t=624s) How can layoff stigma be minimised? - [18:43](https://www.youtube.com/watch?v=jtku6jJzXYk&t=1123s) Does high pay make employees vulnerable in layoffs? - [22:26](https://www.youtube.com/watch?v=jtku6jJzXYk&t=1346s) How do you compassionately deliver layoff news? - [33:13](https://www.youtube.com/watch?v=jtku6jJzXYk&t=1993s) How should you prepare for layoffs? **Episode Resources:** - [Spotify](https://open.spotify.com/episode/0vGwrQmUfgTG2N27le8I8K) - [YouTube](https://www.youtube.com/@TheFinancialCoconutTFC/videos) - [Apple podcast](https://podcasts.apple.com/sg/podcast/why-you-need-to-prepare-for-layoff-now-w-s-101-ft-nina/id1487004505?i=1000676406270) New Episodes every Monday Share us your thoughts on this episode and let us know what do you want to hear next. 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