Oof. This is a pickle. Some things I would consider- 1) As someone new, there's always a risk that you might get let go, but since you're also saying other people are leaving, they could have hired you anticipating this was going to happen. So that's good. You're essentially insurance that work will get done. 2) That being said, your role sounds like it might be in flux as different people leave and duties get shifted around. Pros and cons. Pros: you get to flex your expertise and hopefully help define a path forward with leadership. Cons: they dont care and just want you there to patch the holes. 3) The comp is good so I think you should focus on saving as we head into this recession and make the best of it. Doesn't hurt to keep applying so unless you have another offer in hand, stay put. Leadership being uninspired could be for any number of reasons and that might be an opportunity for you to step up and be a catalyst. There may be people who are leaving that might stay because of you. Or maybe people who are staying may support your vision for change.

Just got to know 10% employees were laid off. I was not one of them for now. Your advice sounds great but given the uncertainty I think I must start interviewing to have a back-up offer.