BLUF: Is the fear of future layoffs reason enough to start looking for a new position?
Detail: I love the company I currently work for. It's a fairly large company (about 35,000 employees) and has done well historically. About a month ago, we got word that finances were tight, and that we would need to reduce spending by a significant amount. Then yesterday we got notice that we are going to institute a hiring freeze for at least 90 days and evaluate our situation after that to see if the freeze would need to continue. These are major red flags in my mind. My concern is that layoffs could come in the future (though I haven't heard anything saying that directly from leadership). I am fairly junior in this company - an individual contributor who has been here just barely 1 year. Because I am so junior, I worry that in the event of layoffs that I would be a candidate to be laid off.
I'm working on keeping my network warm, and have started to examine my resume again. If I get an interview, and they ask why I am leaving my current company is the fear of layoffs a valid reason? I don't want to come off as being selfish or not being loyal to the company.