Skip to content
AICPA-CIMA
  • AICPA & CIMA:
  • Home
  • Engage 365 Communities
  • CPE & Learning
  • My Account
Journal of Accountancy
  • TECH & AI
    • All articles
    • Artificial Intelligence (AI)
    • Microsoft Excel
    • Information Security & Privacy

    Latest Stories

    • AI and the audit: AICPA publishes practice aid to assist auditors
    • Recasting retirement: 3 ways AI is changing client-adviser conversations
    • New checklist helps CPAs manage AI cyber risks

  • TAX
    • All articles
    • Corporations
    • Employee benefits
    • Individuals
    • IRS procedure

    Latest Stories

    • IRS urged by national taxpayer advocate to pause Kwong claims denials
    • IRS proposes regulations implementing premium tax credit changes
    • IRS grants Hurricane Isaias tax relief in Alabama, Florida
  • PRACTICE MANAGEMENT
    • All articles
    • Diversity, equity & inclusion
    • Human capital
    • Firm operations
    • Practice growth & client service

    Latest Stories

    • IRS urged by national taxpayer advocate to pause Kwong claims denials
    • IRS proposes regulations implementing premium tax credit changes
    • IRS grants Hurricane Isaias tax relief in Alabama, Florida
  • FINANCIAL REPORTING
    • All articles
    • FASB reporting
    • IFRS
    • Private company reporting
    • SEC compliance and reporting

    Latest Stories

    • SEC proposal aims to clarify securities rules for crypto assets
    • SEC eyes e-delivery as the default over paper
    • SEC shares 3 goals in proposed 2026–2030 strategic plan
  • AUDIT
    • All articles
    • Attestation
    • Audit
    • Compilation and review
    • Peer review
    • Quality Management

    Latest Stories

    • AI and the audit: AICPA publishes practice aid to assist auditors
    • PCAOB shares agendas for rulemaking, research
    • Liquidation accounting: When a going concern dissolves
  • MANAGEMENT ACCOUNTING
    • All articles
    • Business planning
    • Human resources
    • Risk management
    • Strategy

    Latest Stories

    • Risk response often doesn’t match the threat or the opportunity
    • Confidence in U.S. economy rises despite inflation concerns
    • Data governance: How finance builds trust in the numbers
  • Home
  • News
  • Magazine
  • Podcast
  • Topics
Advertisement
  1. newsletter
  2. Cpa Insider
CPA INSIDER

What to do if you lose your job

Avoid acting rashly and take time to get back on your feet.

By Beth A. Berk, CPA, CGMA
August 22, 2016

Please note: This item is from our archives and was published in 2016. It is provided for historical reference. The content may be out of date and links may no longer function.

Related

August 18, 2016

5 signs you’re in need of a midlife change

August 1, 2016

5 ways to excel at networking

June 6, 2016

How time off can help your career

TOPICS

  • Professional Development
    • Communication

There may come a time in your career when you lose your job. This could be due to reasons outside of your control—a merger or acquisition, or having your employer shut down or relocate. Or you may have done something (that you were possibly not aware of) that caused you to be let go. Whatever the reason, losing your job can seriously disrupt your career plans—and your emotions. Getting back into the job-hunting frame of mind can be a challenge.

Regardless of whether you left your job, or your job left you, there are some steps you should take to get your career back on track. Consider the following:

Take time to regroup. Take a few days or more off to think about your next steps and a strategy for the next few weeks or months. Losing your job may cause you to feel fearful or even angry, which could lead to poor judgment or behaving badly in a reactionary mode. Be aware of how you’re feeling, since it may come out during the search process in your tone or attitude.

Understand why you lost your job. If you are unsure of why you lost your job, try to find out. Ask what information your previous employer’s representative will or will not share with a prospective employer. If you do know why you were let go, be honest with yourself and others in the process. If necessary, seek out advice on how to tell your story from someone such as a lawyer, a recruiter you trust, a coach, or a mentor.

Don’t email blast your résumé. Though you may be tempted, don’t immediately blast your résumé off to recruiters, friends, and job postings. Wait until you’ve had another set of eyes to review it.

Have a plan of action. Update your résumé and any online presence such as LinkedIn. Put together some ideas as to what roles and salary range you will seek. Try to be realistic and flexible: I’ve known some highly paid CPAs who were rudely awakened as they began their search and were offered lower salaries than they expected. Assess your financial situation so you can determine if you need to find project, temporary, or consulting work while looking for a permanent position.

Try to avoid taking the first job that comes along due to financial pressures if it is not a good fit for you. Otherwise, you could find yourself set back in terms of salary or title. Or you may be unhappy in your new role and find yourself searching for your next job sooner rather than later.

Advertisement

Represent yourself accurately and transparently. Whether applying for a job, interviewing for one (on the phone or in person), or meeting with a recruiter, be forthcoming about why you lost your job when appropriate. Make sure there are no omissions or incorrect statements on your résumé. More than once I have had clients tell me that omissions are not intentional, or even rationalize them by saying they are trying to keep their résumé to one or two pages. However, put yourself in the shoes of hiring personnel. If you were interviewing someone whose résumé had gaps or omissions, or who wasn’t clear about why he or she had lost a job, how likely would you be to hire that person?

Apply for unemployment. If you’re not sure whether you’re eligible for unemployment, ask your previous employer. The employer may tell you it will contest your unemployment claim. Otherwise, you will find out upon applying. Don’t be ashamed to apply, either; it is there for a reason.

Don’t badmouth your prior employer or its staff. If your situation has left you with negative feelings, figure out a way to share what happened in as positive and factual a way as possible without disparaging anyone. If necessary, seek out a professional, such as a recruiter or a career or life coach, to help you hone your story.

If you haven’t had to look for a job recently, review job hunting basics. Research opportunities posted online to better understand the job market and skills employers are looking for. Pick the right references. Vet recruiters. Network and attend professional seminars and events, and request informational interviews.

Losing your job is something that can happen to the best of us. Take it in stride as much as possible, embark upon your journey to find the next role, and hopefully, you will look back and realize it was a blessing in disguise. Good luck!

Beth A. Berk, CPA, CGMA, is an independent recruiter based in Maryland. To comment on this article, email associate editor Courtney Vien.

Advertisement

latest news

October 15, 2026

IRS urged by national taxpayer advocate to pause Kwong claims denials

October 15, 2026

IRS proposes regulations implementing premium tax credit changes

October 14, 2026

IRS grants Hurricane Isaias tax relief in Alabama, Florida

October 14, 2026

Social Security wage base and COLA announced for 2027

October 13, 2026

AICPA recommends IRS clarification of Form 8050

Advertisement

Most Read

IRS raises per diem rates for business travel effective Oct. 1
Government says Kwong court misread COVID tax relief law
AICPA reminds states of disaster-relief process with filing deadline near
IRS changes course to allow automatic Trump account enrollment
The 5 Ws of incomplete information
Advertisement

Podcast

October 8, 2026

Accounting’s future: Embrace change and build on trust

October 1, 2026

Tweak the message, prep for pushback, succeed in the boardroom

September 24, 2026

Low unemployment, high demand: Accounting’s talent challenge

Features

New checklist helps CPAs manage AI cyber risks

New checklist helps CPAs manage AI cyber risks

Using an Excel agent to clean, validate, and reconcile data

Using an Excel agent to clean, validate, and reconcile data

Going concern: What CPAs in audit and finance should know

Going concern: What CPAs in audit and finance should know

Liquidation accounting: When a going concern dissolves

Liquidation accounting: When a going concern dissolves

SPONSORED REPORT

Get your clients ready for tax season

Help clients avoid surprises with year-end planning strategies for managing taxable income, maximizing deductions, and adjusting to OBBBA changes affecting individuals and businesses.

From The Tax Adviser

September 30, 2026

Navigating the QSBS rules in pass-through structures

September 30, 2026

Sec. 338(h)(10) elections in business acquisitions

August 31, 2026

What today’s clients expect from their CPA and how firms are responding

August 31, 2026

2026 tax software survey

MAGAZINE

October 2026

October 2026

September 2026

September 2026

August 2026

August 2026

July 2026

July 2026

June 2026

June 2026

May 2026

May 2026

April 2026

April 2026

March 2026

March 2026

February 2026

February 2026

January 2026

January 2026

December 2025

December 2025

November 2025

November 2025

view all

View All

PUSH NOTIFICATIONS

Learn about important news

This quick guide walks you through the process of enabling and troubleshooting push notifications from the JofA on your computer or phone.

CPA LETTER DAILY EMAIL

Subscribe to the daily CPA Letter

Stay on top of the biggest news affecting the profession every business day. Follow this link to your marketing preferences on aicpa-cima.com to subscribe. If you don't already have an aicpa-cima.com account, create one for free and then navigate to your marketing preferences.

Connect

  • JofA on X
  • JofA on Facebook

HOME

  • News
  • Monthly issues
  • Podcast
  • A&A Focus
  • PFP Digest
  • Academic Update
  • Topics
  • RSS feed
  • Site map

ABOUT

  • Contact us
  • Advertise
  • Submit an article
  • Editorial calendar
  • Privacy policy
  • Terms & conditions

SUBSCRIBE

  • Academic Update
  • CPE Express

AICPA & CIMA SITES

  • AICPA-CIMA.com
  • Global Engagement Center
  • Financial Management (FM)
  • The Tax Adviser
  • AICPA Insights
  • Global Career Hub
AICPA & CIMA

© 2026 Association of International Certified Professional Accountants. All rights reserved.

Reliable. Resourceful. Respected.