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Better be prepared then Surprised
It’s good to start doing a soft job search to see what’s out there. Not sure which company you are at, but biotech seems to be getting hit hard across the board. Takeda has completed year 1 of a 3 year plan for layoffs. Year 1 was awful with thousands of cuts globally followed by good people who are nervous leaving. Two more years of layoffs planned. Seeing this across biotech with friends who work at other biotech companies.
Start looking, just so you know what's out there. It doesn't sound good at your current company and you don't want to wake up one morning to hear that you're laid off. At least if you've started networking and looking at job ads - even going for interviews - you'll be one step ahead of the rest of your team who will also get laid off.