A Canadian Reddit user earning $700K annually expresses concern over potential layoffs amid company downsizing. With a pregnant wife and a toddler at home, he weighs relocating to Canada or India, but risks selling his U.S. houses for a loss. Experts suggest that instead of rushing to make drastic decisions, he should fortify his job security and financial readiness while still maintaining his high-paying position. Enhancing personal skills and building an emergency fund could provide stability against uncertainties.
Shoring up his finances and work skills could be a good option. Giving up a $700K job anticipating layoffs may be a foolish move.
He can focus on making himself indispensable at work; this may not guarantee he won't be laid off, but it gives him a better shot.
While the user faces uncertainties, he still earns a substantial income and should prioritize enhancing his financial stability and job security.
Considering options such as moving back to Canada or adjusting his investments needs to be balanced with current income realities.
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