If someone you know is working in an office or organization that is facing serious cuts and potential layoffs, asking them if they are nervous about the security of their job is never a good idea. Especially when you know that person is more than likely at the top of the line to be cut if cuts do happen due to being last hired and working in a non-crucial (or at least not the most crucial) position. Chances are that person has already thought of that possibility, but is choosing to just ignore it until anything becomes official because worrying about something that he/she can't control is just a waste of time.
Just a little piece of friendly advice
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