I am not sure what to do. My company just had another round of massive layoffs. So far my job was spared. I do got a job offer from a different company but the salary is way lower than what I have now (20,000$ less). Should I choose for financially stability but with a lower salary, or take the risk, keep the higher salary, but have a high chance to loose it as the company isn’t doing great.

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Just keep interviewing until you get a job with a higher salary. Unless you’re burnt out no point in taking a pay cut if you don’t have to.

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Unless you have other challenges (immigration, new house, baby on the way etc.) I would take DS1’s advice and keep chugging along while applying/interviewing in parallel.

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I was in this zone last week and gave up the lower sal. As advised it is not worth taking a sal cut and moving, recession is real and no matter what all companies would face it. So if someone says their job is stable is not true the whole market is struggling to make numbers. Keep trying until you get a higher sal or same.

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In a similar situation and am tempted to take the lower paying job. The main reason is that is a union position at a university. Won't work on cutting edge tech but job security in the next 1-2 years would be worth something.

I agree with the others with the caveat that you need to consider how likely it is you will be laid off. For example, I worked at one company who did a round of layoffs and then gave raises to everyone they kept. And, another company who had frequent layoffs, without any clear pattern on who was selected, so no one knew when the next layoff would be or if they would be let go.

You also need to consider the impact "massive layoffs" have on the morale and culture of the company.

Keep interviewing.

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I suggest you keep the applications going, you may find a better fit(higher salary).

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