Working hard at TR no longer gurantees a place in the managements hearts. They wont remember you cause to them, you are just a headcount. Layoff becomes an annual event. Objectives and annual performance review is just a show. If I were you, I would find something elsewhere. Since you never know when it will hit your spot even if you dont get hit this round or next.
I don't see other companies have to go through this kind of game as often as us! This becomes a norm here, no?
On point post that I took from @YOA9Qdc-jpt