['I just found out that my employer is laying me off!  This will destroy my finances!This is the worst news I could get!', 'How long do you have ?', 'Only until the end of August!  It is horrible timing!  I just purchased a house!']
No, it's good timing. If you had waited, you wouldn't have been approved for the mortgage. Don't forget to file for unemployment insurance.
I just found out that my employer is laying me off!  This will destroy my finances!  The is the worst news I could get!