Letter to BS: Amid layoffs across sectors, it's wise to hold on to your job

The latest to announce job cuts are Airbus and BMW. Companies across the world are cutting down jobs due to low sales triggered by Covid-19. The employment market is likely to be tight for at least 18 months till 2021 end, assuming that a vaccine is discovered by the first quarter of 2021 and is disseminated across the world between March and December 2021. Till the world is safe again after vaccination, people are going to be wary to spend and economic activity will be sluggish.

Clearly there is going to be a massive pressure for jobs in most markets. Unless