People are not afraid of losing the job. People are afraid that the job they will get next will be much worse (in pay, in conditions, in work etc.) $200-300k i

People are not afraid of losing the job. People are afraid that the job they will get next will be much worse (in pay, in conditions, in work etc.) $200-300k is not normal in the US and if you are getting fired from one of the few firms paying that much you might have some elevated anxiety that it will take a lot of effort to find another job with such a pay and perks. But if you are a part of a massive layoff and you read that other such firms are going through layoffs too then you are really afraid that you might not be able to get an equivalent job in the near future as your former colleagues will be competing with you for the reduced number of these high-paying jobs left.