Assuming that layoffs are imminent try to identify the valuable managers groups and projects that are most likely to survive. Make your best effort to attach yourself to those by offering to help with their projects and showing that you’re ready and willing to give it your all. When we’re worried about our parnassah it often shows up in our actions and demeanor. Managers and coworkers want to be around confident happy people so rely on your bitachon in Hashem to exude a positive spirit. At the same time start updating your skill set and learn which technologies are most prevalent now. Those will likely be web and mobile application/solution-building tools. Start getting comfortable with these new technologies by way of books online courses and information on the Internet. Older IT people tend to believe that they are only valuable because they know a specific technology. In reality much of what they know exists in a comparable form in the newer languages and technologies. Since they understand the nature of computing and debugging they can quickly and successfully pick up new technologies. Often simply understanding the concepts of new technologies and the “buzzwords” can be sufficient to earn an opportunity on another project or at a new company.