Was recently furloughed by my company a dev for a large restaurant chain. I knew I was going to be first on the chopping block as I started in the past 6 months and am one of the more junior on the team. 3 years out of college, ~17k in cash saved up, no debt at all. I don't know if my job will be there in the 4-5 weeks stated the furlough will last as the corona virus in the US doesn't look to be stopping in that time period aka no restaurant cash flow increase either unless we get a miracle..

Wanted to ask you all for some advice; should I start looking for new jobs asap, wait it out and hear back from my company, drop my lease (month to month) and move back to a low COL area and job hunt?

Just wanted to brainstorm with yall, more minds are better than one and Id rather be proactive than reactive. Figured some of yall were in the dotcom bust or the 08' bust and had some wisdom to drop on me.