Skip to content

This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.

Close
AICPA-CIMA
  • AICPA & CIMA:
  • Home
  • CPE & Learning
  • My Account
Journal of Accountancy
  • TECH & AI
    • All articles
    • Artificial Intelligence (AI)
    • Microsoft Excel
    • Information Security & Privacy

    Latest Stories

    • Incorporating prompt engineering into the accounting curriculum
    • Create a dynamic to-do list with Excel’s checkboxes
    • Another way to manage authentication texts
  • TAX
    • All articles
    • Corporations
    • Employee benefits
    • Individuals
    • IRS procedure

    Latest Stories

    • IRS warns taxpayers: Social media advice can lead to costly penalties
    • Global tax deal could hurt US companies, says letter requesting OECD guidance
    • Treasury posts preliminary list of jobs eligible for no tax on tips
  • PRACTICE MANAGEMENT
    • All articles
    • Diversity, equity & inclusion
    • Human capital
    • Firm operations
    • Practice growth & client service

    Latest Stories

    • 5 essential tactics of future-ready firms
    • MAP Survey finds CPA firm starting pay on the rise
    • Skilled for success? Accounting newcomers say yes, managers say no
  • FINANCIAL REPORTING
    • All articles
    • FASB reporting
    • IFRS
    • Private company reporting
    • SEC compliance and reporting

    Latest Stories

    • SEC accepting Professional Accounting Fellow applications
    • SEC names new chief accountant
    • SEC ends legal defense of its climate rules
  • AUDIT
    • All articles
    • Attestation
    • Audit
    • Compilation and review
    • Peer review
    • Quality Management

    Latest Stories

    • AICPA unveils new QM resources to help firms meet Dec. 15 deadline
    • 8 steps to build your firm’s quality management system on time
    • Auditing Standards Board proposes a new fraud standard
  • MANAGEMENT ACCOUNTING
    • All articles
    • Business planning
    • Human resources
    • Risk management
    • Strategy

    Latest Stories

    • Business outlook brightens somewhat despite trade, inflation concerns
    • AICPA & CIMA Business Resilience Toolkit — levers for action
    • Economic pessimism grows, but CFOs have strategic responses
  • 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

September 10, 2025

MAP Survey finds CPA firm starting pay on the rise

September 9, 2025

Skilled for success? Accounting newcomers say yes, managers say no

September 9, 2025

IRS warns taxpayers: Social media advice can lead to costly penalties

September 8, 2025

Global tax deal could hurt US companies, says letter requesting OECD guidance

September 8, 2025

Few companies strategically using risk management

Advertisement

Most Read

The No. 1 risk to retirement – and one way to guard against it
Calculating AI’s impact on CPAs: New study quantifies time savings
Tax provisions in the One Big Beautiful Bill Act
Congress passes act allowing tax relief when a state declares disaster
MAP Survey finds CPA firm starting pay on the rise
Advertisement

Podcast

September 11, 2025

Strong storytelling helps speakers deliver ‘medicine’ without the aftertaste

September 4, 2025

Summing up economic sentiment and concerns about inflation and tariffs

August 29, 2025

Take a bold leap instead of a tentative step

Features

Calming nervous clients nearing retirement
Calming nervous clients nearing retirement

Calming nervous clients nearing retirement

7 retirement tips for small firm CPAs
7 retirement tips for small firm CPAs

7 retirement tips for small firm CPAs

Building a better CPA firm: Stepping up service offerings
Multi-colored plus signs

Building a better CPA firm: Stepping up service offerings

2025 tax software survey
Smiley, frowney, and neutral faces for Tax Software Survey.

2025 tax software survey

FROM THIS MONTH'S ISSUE

Multi-colored plus signs

Building a better CPA firm: Stepping up service offerings

A key step in business model modernization is determining how to implement services that satisfy clients and employees.

From The Tax Adviser

August 30, 2025

2025 tax software survey

August 30, 2025

Are you doing all you can to keep the cash method for your clients?

July 31, 2025

Current developments in S corporations

July 31, 2025

Paid student-athletes: Tax implications for universities and donors

MAGAZINE

September 2025

September 2025

September 2025
August 2025

August 2025

August 2025
July 2025

July 2025

July 2025
June 2025

June 2025

June 2025
May 2025

May 2025

May 2025
April 2025

April 2025

April 2025
March 2025

March 2025

March 2025
February 2025

February 2025

February 2025
January 2025

January 2025

January 2025
December 2024

December 2024

December 2024
November 2024

November 2024

November 2024
October 2024

October 2024

October 2024
view all

View All

http://JofA_Default_Mag_cover_small_official_blue

PUSH NOTIFICATIONS

Coming soon: Learn about important news

CPA LETTER DAILY EMAIL

CPA Letter Logo

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

  • X Logo JofA on X
  • facebook JofA on Facebook

HOME

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

© 2025 Association of International Certified Professional Accountants. All rights reserved.

Reliable. Resourceful. Respected.