Poynter has assembled a reasonable guide to the darkest side of newsroom transition: When the ax falls and you're out of a job.
it solicited ideas on how to deal with anticipated job loss. Many of them are sound: Ensure you've got a good record of your work, take anything contentious out of the system, create an online presence, kill off anything embarrassing online.
Mainly, though, it's a good checklist of the area none want to acknowledge but most will deal with at some point in a career. Another take Thursday will deal with what to do when the worst happens.