The first time Boris was laid off, he had been in the job for 4 months and was given 2 months working notice. Before he was laid off, he found another job!
Then after about a month he was given a lay off notice again. This time though it never came to be. You see, his company works on a contract and every time the contract is up they have to bid for it again. Because the company doesn't know if it will win the bid for the next year, they give a lay off notice to all employees, just in case. So this past year, they ended up winning the contract so nobody was laid off.
Now we are going through the same process again. If they lose the contract then Boris will be out of work at the end of February. Of course, if they win the contract then nothing will happen and he will keep working. As a third option, it's possible that his company will lose the bid, lay him off, but the new company may hire him on.
Too much to worry about right now. So, I'm just not going to. It's unlikely he would lose his job, he has a marketable skill, AND our emergency fund will now cover about 4 months of expenses (with my salary to supplement).
I am doing just fine this time. Did I mention how much I love emergency funds?