You’re probably shocked, scared and even angry. But try to stay cool (at least on the outside); it could help you negotiate a bigger severance package.

Sure, you read the papers, so you know the ax is falling left and right these days: Home Depot – 7,000 jobs; Caterpillar – 20,000 jobs; Microsoft – 5,000 jobs; Pfizer – 8,190 jobs. Still, you didn’t expect it to happen to you. But, if you’ve just left your boss’s office with the dire news, what do you do?

After a layoff, get a better severance deal – Jan. 27, 2009 – Ask Annie. – CNN Money