This episode addresses the challenges faced by foreign nationals on work visas who have been laid off, particularly from tech companies like Amazon. The hosts provide actionable steps to navigate the emotional and practical aspects of job loss, including immigration considerations, financial assessments, and health insurance options. They emphasize the importance of quick action, networking, and maintaining a positive mindset during this difficult time.

 Takeaways  

• Dealing with a layoff is emotionally challenging, especially for foreign nationals.
• It's crucial to act quickly to manage your immigration status after a layoff.
• Consulting with an immigration lawyer is essential for understanding your options.
• Consider switching to a B-2 visitor visa to spend more time in the U.S. 
• Financial assessment is critical during the first few weeks after a layoff.
• Health insurance options like COBRA should be explored immediately.
• Networking and updating your resume should be immediate priorities.
• Family support can be vital during a job search.
• Maintaining a positive mindset is key to overcoming challenges.
• Explore job opportunities in other countries if returning home isn't an option.

Chapters  

• 00:00 Navigating Layoffs for Foreign Nationals
• 10:27 Emergency Mode: Financial Assessment and Job Search
• 13:17 Practical Steps for Job Search
• 16:57 Health Insurance and Immigration Considerations
• 20:51 Empowerment and Moving Forward

Episode Links & Resources

• Amazon Employees Impacted By the 30K Job Cuts - An Immediate Game Plan

• Restricted Stock Units On Work Visas

• Ep 54: Challenges Of "Temporary Permance" - Leaving The US On A work Visa

• Ep 19: Mitigating The Threat Of A Work Visa on Your Financial Plan

• Investing For Non-Immigrant Visa Holders: Challenges & Tax Implications

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The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.