I was in the same situation around the end of 2017. The company was struggling, but the checks were still clearing, so I hung on, hoping for the best. We actu

I was in the same situation around the end of 2017. The company was struggling, but the checks were still clearing, so I hung on, hoping for the best. We actually did get sold, but the new owners immediately shut us down (to this day I can't think of any rational explanation for why they would have done that). I found out the week before thanksgiving that I was unemployed, effective immediately. There was a very small severance package, and I had some vested RSUs which, somehow, actually had some value (they didn't accelerate my unvested RSUs, which I thought was kind of lousy of them). I did collect unemployment for about a month before I landed the job I have now. All in all, it wasn't a bad experience, even job-hunting leading into Christmas time. It was the first time I'd ever been unemployed and the first time I'd had 100% of my time to dedicate to searching for a job rather than having to figure out how to schedule interviews around my existing employment. OTOH, I had a pretty in-demand skillset, so it didn't take long to find something. I think it would have gotten really uncomfortable if I'd still been out of work six months later.