Surya Bhatia, certified financial planner at Asset Managers, said that while layoffs due to AI have become a stark reality, it is logical to create an emergency fund at all times, especially amid the current situation, because it is difficult to ascertain which sector may be impacted and how. Ideally, one should have six months of their cash flows not necessarily in a bank account, but in a low-risk, high-liquidity instrument.
