Read a post by someone on LinkedIn on how Indians in India are emotionally attached to their job, partly because we don't have other interests outside work. Largely true. Oracle's 12,000 layoffs brought this out yesterday, with some employees lamenting their layoff.
What is a job? It's a contract, that can be terminated as per conditions stated in it. That's it. The group you work with is not exactly family, though friendships or relationships can develop during your work life. But the corporate (or family owned) entity has limited uses for any employee-CEO included. One must bear that in mind.
The best way to deal with the downside is to be prepared for a job change at short notice. Update your skills, your CV and network. Don't be under an illusion that your job is forever. Stash some savings to help during a transition. Don't overcommit on expensive stuff, especially long term, unless you have an assurance that you can meet the EMIs.
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