I understand people are stressed, but it is still better to have a few weeks to prepare for layoffs than to be completely surprised when you least expect it. Update your resume, start networking, and get a feel for the job market. Do not get stuck in a waiting pattern when there are things you can do to help yourself, even if only a little bit.
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I wonder if they will do garden leave again, or will you be dejobbed the day you are told this time?
Yup, I've been doing this for the past few weeks. No better time to start than right now.
i recommend starting when you read this.