Business Retail and TfB layoffs have been rumored since the IT layoffs in August. If it is going to happen, timing wise it makes sense to wait until after the holidays.
Everyone sounds surprised when this happens! It is the new world order. Expect it to happen and be prepared by saving as much money as possible. Keep your expenses down. No credit card debt, no car loans. Live modestly. Keep your resume updated. Keep your professional network current/ relevant.
I started investing a piece of my salary each paycheck into an index fund for emergencies like losing my job. It has grown into a years salary overtime. If I never need it will be for retirement.
It will happen. You will lose your job. We all will eventually. Don’t stress or lose sleep, be prepared!! No one is coming to save you!! Have a plan, especially if you have a family.
This is not a TMO thing, or an IT thing, it happens everywhere and will eventually hit everyone.
Good advice by @ax+1k721721k.