My biggest problem is that I'm having a very hard time "pulling the trigger" on applying for new jobs. I'm lucky in that there seems to be some options out there in my area for people with my skillset, but I've only applied to two of the 15 or so positions that I've bookmarked, because, all in all, I have it so good at my current company and don't want to start over, but need to soon because there's a lot of instability.
So can I get some encouragement? I know what I need to do and I'm planning on doing it, but my heart is breaking a little bit because I never expected to find a job and company I love so much so early in my career.
Do you work for someone / are part of a team? Is there a chance that the people (or the head of your group) would get picked up by another company such that you could transition with them?
If not, I would start putting feelers out there ASAP. You do not want to be put into the position where you are one of the last people still at the company, but cannot move to another because all those slots were filled months earlier when others knew that they needed to start looking elsewhere.
Whilst it doesn't hurt to be prepared (at all, in fact it's really smart) if there is a possibility you may be laid off then I'd try and hang in then until you know for sure - you could potentially be in for a nice pay off, or you might find out your job isn't at risk at all!
Be prepared for change but don't jump, how bad would you feel if you left and your job wasn't at risk at all?