Agree with RAINBOE.
In an Industry downturn, the first to go are contractors, i.e. Non Permanent staff. Most Big Companies have to employ a certain amount of contract staff, most companies that is, not every!
Typically these companies that cannot maintain a stable working environment, due to uncompetitive T & C's, etc, Or companies that just want to be flexible for seasonal Numbers. The Benefit to being a contractor is typically your Take home is higher......
I stress this is not the case in every company.....i.e. Legacy Carriers
The Reason being: Contractors are brought in, to plug gaps in Jobs, as in this industry, exact control of flightdeck numbers is tricky, as many companies continue to expand. Also the Turnover increases for flightdeck jobs as more of the employees seek greener pastures.
Dont Worry about a Downturn, just get on with it.......Dont talk yourself out of it.......