I've long admired Keith Hornberger's writings on med chem, and his new work with Vega Shah "The Pharma & Biotech Layoff Survival Guide" is no different. This paragraph near the introduction is a good summary:
I’ve been in the pharma & biotech industry for almost 22 years and am now on my fourth job. Of the three partings I’ve gone through, one was a relatively traumatic layoff and the other two were initiated by me for my own career advancement — although in both of those cases, as fate would have it, I narrowly dodged layoffs that followed within months of my departure. When I share that anecdote with people, I’m sometimes asked if I have a “Spidey Sense” about layoffs. Indeed, folks in my current workplace who hear this tale will half-jokingly ask me to give them a heads-up if I’m thinking about leaving. While I don’t believe in the Spidey Sense, I do believe that active career management is the way to go for your long term happiness — and the preparedness that goes into a planned move will also serve you well for the unfortunate unplanned moves too.
It is a great bit of advice, and I am glad that Keith and Vega wrote it. Read the whole thing.