From what I've seen, whether you get cut is based more upon how discretionary your specific project is rather than whether you are a contractor or an employee.

From what I've seen, whether you get cut is based more upon how discretionary your specific project is rather than whether you are a contractor or an employee. If a project is equally discretionary contractors will get cut first and without warning but I don't think that makes as much difference. By discretionary I mean that cutting back won't cause immediate damage to the bottom line or easily visible long term damage to the company.