It has been less than 6 months since I joined a new company as an engineer. The division I work for is once a small company which was acquired by my current company which is doing moderate business. For the first 3 months, I had one only a few real work i.e for the customer and I will be free for most of the time.

Though I know that my division is not having many orders from other colleagues. We had a official meeting yesterday for engineers where they announced that there was not even a single sales for the last year and the company is losing money. Everyone was also told to mentally prepare since anything can happen.

Though I am not worried, I still thinking in terms of the worst case scenario. What if I got terminated? My only concern is the work experience which will be less than 6 months. My last job is a contract one for 5 months.

Can someone tell me how to be prepared for this situation as a newbie? Can I look for other options or stay here as long I have been pushed?

Note: I got confirmed and also got a good appraisal from my manager in the current company.