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If you work for the federal government you have plenty of reasons to be concerned. Musk is something of a joke, but he's dangerous. His plans to remake the government will fail, but whatever he does can hurt a lot of people and a lot of good work will be ruined.

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Several large Federal Agencies had upper layers of career management gutted or severely downsized, and the Administrators had problems trying to entice those who retired or changed careers, to return. The Pandemic shutdown, roil in employment markets and resulting turnover as employees jumped to better paying jobs over the last couple of years hasn't helped.

Personally I would be if I worked at the Federal level. You should be updating your resume and leaning into your professional networks now, not next week. Although a lot of the cuts are outlined in Project 2025, if Elon stayed, I would not be surprised if the cuts are much steeper than what was originally proposed.

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Maybe a little of both

Prepare for the worst and expect the best. I would absolutely be thinking ahead at the federal level too. I feel like we will all be feeling something happening soon, and just being prepared for it is much wiser than pretending like nothing is going to happen.

Always have a Plan B in hand, just in case your workplace becomes toxic.

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