I think you hit on the two key points. LIFO is definitely real, and the last to be hired are often the first to be fired. OTOH, you have to look at the financ

I think you hit on the two key points. LIFO is definitely real, and the last to be hired are often the first to be fired. OTOH, you have to look at the financial stability of the new company vs the old, if the newer is on substantially better footing it may outweigh the LIFO effect.