In 2009, the company I worked for lost 2 major customers resulting in a 25% pay cuts for many of us.
Guess what? We survived and learned to get by with less pay.
I am not so confident that federal employees(most but not all) have the ability to financially cope without a Government check specifically because most(not all) federal employees are clueless regarding the basic economic fundamentals.
“In 2009,the company I worked for lost 2 major customers resulting in a 25% pay cuts for many of us.
Guess what? We survived and learned to get by with less pay.”
Did your company have defense contracts or commercial contracts?
I remember well the massive layoffs in 1989-1992 in SoCal.