Your job can be on the line for several reasons that might or might not have to do with you directly. Instead of launching into a frenzy when you realise that you might not have a job in the near future, you should instead take stock of the situation and deal with it in the most dignified way possible. In addition to securing your future finances, you'll also have to be emotionally strong to overcome this situation with grace. Preparing for it in advance won't only soften the process, but it will also help you create a rough roadmap of how you plan to move past this and get your career on track once again. Here are three things you can proactively do if your job is at risk.
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Take heed of your financial situation
As soon as you find out that your job is on the line, assess your financial situation to make sure that you have at least six months of savings to get you by. If you don't, make a note of the expenses that aren't necessary and cut them down. This way you'll be able to save more money than you otherwise would. Once you are certain that your flow of income will stop soon, you can also sell the useless items in your house on the internet. Doing this will not only give you some extra cash in hand, but it will also help you get rid of the unnecessary items in your house once and for all.
Have a conversation with your boss
In some companies, the project manager and the manager you report to for other organisational things may differ. Sometimes your achievements on a project are only known to your project manager and the other manager who is responsible for promotions and appraisals is kept unaware about your contribution to the company. If you feel like this is the case, talk to your organisation manager and let him know that you haven't received your due credit for the work you've done. If this doesn't help, you can go over him and talk to your manager's boss.
Begin your hunt for another job
The moment you find out that there is nothing you can do to save your current job, start hunting for a new job. You can attend networking and corporate events, talk to people in your own industry, and update your resume to apply for jobs. There are several online and offline recruitment agencies who can help you in your job hunt. Apply early and go for as many interviews as you can. This way you'll know how many companies are hiring and you'll have a better understanding of the market conditions.
The most important thing, however, is to not panic, and believe that this too shall pass. See where you went wrong in your current job and make sure to not repeat the same mistakes in the future.