@OP. The 2019 SRD surprised me, because that was not how we used to do things are Ford. Performance used to matter in this company. Later it became the new norm to throw away the best and brightest for saving a few dollars on a pension.
I was about to jump ship in 2020, when Covid-19 hit and all changed. I stayed with Ford, because I believed that layoffs were imminent on other companies, and being the new guy makes it easier for managers to cut my position. So I did the only thing I could do: increased my rainy fund.
I survived all layoffs so far (I am surprised about it, or maybe I am not as good as I think). Last year I was looking and found a position outside automotive. For budgeting reasons, the company decided not to open the position, and I am still at Ford. I have applied to several job openings, got a few interviews (Ford still looks good in the resume, it seems), but nothing concrete yet.
The job market is getting worse, and again, I believe layoffs are coming to all the companies in this country. So I decided to stay put again. No more wasting time in job searches when the market is this bad and I still have a "good" job. I'll dedicate my time instead in improving my skills to be more successful when the job market bounces back.
In the worst case scenario, I'll get some money from the company and unemployment. Also, I have a rainy fund for more than a year of expenses, generating a few thousands of dollars of interest annually. My wife started a part time job, which will also help if I lose mine.
So now that all is planned, and accounted for, it is easy for me to "keep calm" and focus. However, I must confess that I lost the desire to work and excel at Ford. I am going through the motions, TBH. Just waiting for the axe to fall or the economy to improve, whatever happens first.