[johnminter]

I had a 37 year career at a company that used to be a well recognized brand. I was in the Research Laboratories in an Analytical Sciences division. During that time we had many layoffs as the company's financial position eroded. The key to success in that environment was to be a lifelong learner, a team player, and developing skills that permitted you to generate results that proved your worth.

During downsizings, as groups got smaller, managers were let go along with workers. Survivors needed learn to mourn the loss of your colleagues who were downsized, and then pick up the important work they left behind. To survive, one needed a positive attitude. Keeping one takes work under difficult circumstances. I always viewed the task as taking lemons and making lemonade.

None of us liked this. This strategy worked for me until they finally cut 70% of the Research Labs staff, including most of my clients and many of my fellow analysts. The best an employee can do is to work with your family to design a budget that lets you live below your means, build an emergency fund with at least six month's living expenses, and to save as much as you can each month in a retirement plan. None of these tasks are easy. Few people actually do this because it requires you to say "no" to many of your desires. Those who do find it easier to cope when the shoe finally drops on you...