Offer from a firm in flux

Friend has an offer from a west coast firm that has had much takeover chatter, but nothing firm yet. During interview, they downplayed any possible layoffs/consolidation implications. He loves the firm/role, but is extremely nervous about the uncertainty. Obviously he can just decline, but for a junior level position, is there any thing that can be negotiated to mitigate the risk? My guess at his level is no.

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Feb 19, 2020