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In modern countries where worker right have more than minimal standard, by getting fired, you get a Severance pay (it's not what it used to be, but may let you survive a few month) and unemployement benefit (which would give you a fraction of your salary until you find a job)
Quiting means you'll loose these rights
Depends where you live but it's usually always best for you to wait for the company to terminate you. But definitely start lining up other options and if something feels good, go for it.
In my country you get severance pay which will keep you going for 3 to 6 months until you find a new job.
Fired and laid off are two completely different things. Quite a few folks have been laid off and find other jobs, but it's always easier to find a new job while you have a job.
Don't wait to get laid off to start looking, but don't quit without something else lined up first either. It's better to ride the job out to the end if you don't have something else first.
a. the best time to look for a job is while you still have one.
b. if you quit, you cant claim unemployment (in the u.s.)
These are the correct answers.
c. prospective employers don't need to know if you quit or you were fired. You left that job, and started somewhere else.
If you're fired, you also can't claim unemployment.
You can only claim unemployment if you've been "let go."
Obviously, OP's situation is going to be "let go" if they're doing it to tons of people in the company, but I wanted to make it clear that if you're fired-fired, like for negligence, or even made-up negligence, or whatever the bullshit corporate reason for shitcanning you as an individual is: they won't pay unemployment.
Depends on the state.
There's a lot of variability in the way it works, even then.
Still probably best to look for something new, right now.
this depends. ive been 'fired' and was able to get it (for an entire week!) after proving the reason they 'let me go' was false. basically, they were unable to provide documentation for their reasoning and were forced to pay up.
You can collect unemployment after quitting if you have a good cause for quitting.
Unless it is physically, mentally, or emotionally damaging, you should keep working. Use that time to compile and save evidence outside the company. Forward emails and any documentation they might use to fire you to an email they can't just delete. Press them to put anything and everything in writing.
IANAL but I imagine proving it was a hostile work environment can be difficult. Or at the very least, more difficult than forcing them to justify firing you.
Best - find a new job and quit when the new one is all lined up.
Next - get laid off and collect any severance and unemployment benefits while you search.
Worst - quit with nothing else lined up, struggle while you get back on your feet.
If you're in a country that uses references, it's best to request an interim report from your current employer, then use this to apply for a new job and finally, when you signed the new contract, quit the old job. The reason is: That way your employer is interested in writing a positive, truthful reference to not anger you. When you have already quit or are beeing fired, they may have negative feelings about you or may want to force you back by making you look as unemployable as possible.
best: keep working and collecting a paycheck while you secure other employment, for as long as possible
You're unlikely to get fired during this consolidation. Firing is only done for cause, for either behavioral, performance, or legal problems. In many companies, you'd also be first put into a Performance Improvement Plan, where the problems that might lead to you being fired are formally raised to you and you're given the conditions you need to meet to not be fired.
What you're likely facing is a layoff, where a company terminates your job because your role is no longer needed. This is important, because in a layoff, you get severance pay, unemployment insurance, and potentially other benefits, while being fired may impact your ability to get these benefits.
Generally, it's better to not quit if you don't have to. If you stay and you get fired/laid off, you lose income you were about to lose anyway. If you quit but could have stayed and kept your role, you lose income you didn't have to lose.