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Delete all forms of social media/stop visiting them (incl. this forum) or, if you’re unwilling to do that, at least keep your exposure to this news as minimal as possible.
There is nothing, LITERALLY NOTHING, you as an incoming FT can do about this situation and it’s just going to stress you out.

I would start refreshing your resume, practicing interview skills, and also start applying to different roles as well just to be safe. 

 
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