[imglorp]

Bailing early sacrifices some benefits in exchange for you deciding the timing.

If you are laid off in much of the US anyway, you are eligible for unemployment in case that's needed. That might help someone with less assets in a protracted dry spell.

Also very common, you give up severance pay if you quit. If you can afford some timing risk, IMO it's best to have your scope up and be looking just in case, then wait until pushed. The severance will basically be a bonus if you're rehired quickly since you should have some leads lined up.

[hotpotamus]

Yep, rode out a layoff with that plan in mind recently. Took a very long vacation and still had a month or two of double pay - April was the first 5 paycheck month of my life, so that was cool. But on the whole it's pretty stressful waiting to get laid off, can't say I'd recommend it, though in my case it worked out pretty well.