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I worked at a medium agency that lost its two biggest clients and struggled to find new ones. I was one of the top PMs there. Instead of jumping ship, I stayed and ended up becoming one of the 40+ people laid off at their SECOND round of layoffs. They had a third a few months ago.
I would jump to the new position, especially if there’s growth opportunities and the commute isn’t bad. The job market is rough right now, and it’s better to jump than potentially struggle after getting laid off by staying. If the company is looking at financial difficulties, jump now while you still have the chance.