Is the usual 6-month emergency fund enough if you face retrenchment? What factors should determine how much cash you actually need?

Is having 6 months of emergency savings enough to determine how confident you should feel about finding a job within 6 months?

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Confidence of landing a job depends on market demand, network strength, and your flexibility.

As long as your passive income hasn't stopped, it's fine. Just try to control your impulse spending during the few months of changing jobs