How to Handle a Severance When You’re Self-Employed

Episode 16 of The Layoff Podcast tackles a gap many severance guides ignore: what happens when you’re a freelancer, contractor, or solopreneur who gets cut loose. Lucas and Luna walk through the case of a graphic designer who lost a major retainer client with no notice and no severance. They discuss how independent workers can build informal severance cushions into their contracts, why the standard two-weeks-pay rule doesn’t apply, and what the gig economy’s rapid growth means for income stability. The episode also covers how to negotiate a transition payment when you’re a one-person shop, the role of emergency savings as your own severance fund, and why career coaches are now advising freelancers to treat retainers like salaried roles for planning purposes. If you’ve ever wondered how to protect yourself when your biggest client walks, this one’s for you. #Severance #Freelancer #GigEconomy #IndependentContractor #JobLoss #CareerAdvice #Negotiation #Retainer #SelfEmployed #FinancialPlanning #EmergencyFund #ContractWorker #BusinessPodcast #Careers #FexingoBusiness #TheLayoffPodcast #LucasAndLuna #JobSearch Keep every episode free: buymeacoffee.com/fexingo