Something I learned over my career. In a capitalistic society companies will do what is best for their investors. They will hire more people when there is money to be made and they will layoff people when there is a downturn. I think we the employees should do the same. We should maximize our opportunities by finding new job, negotiating max pay and sign in bonus when the economy is strong. We should also save as much money as possible so that we can be always prepared to walk away or be laid off. Loyalty is not valued in the capitalist society. We should always pursue what is best for us and should always be prepared for the worst outcomes.
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Except that with economic downturn comes hiring freezes. Most people are left without options
Yes. Look out for #1 which is you.