I am starting to worry that my job is not so stable. There have been a few lay-offs recently and this never happens at this company. I'm wondering if this is a good time to go back to school and get my MBA or is that a bad idea right now. Help!

This might actually be a good time to go back to school depending on your situation. A lot of companies are cutting back on wages or laying people off these days. When wages are low (or non-existent), the opportunity costs are low. In this case the opportunity costs are the forgone wages that you would have been receiving while in school. So going back to school can makes sense because right now you would be making less money while working. Check out this article: http://www.boston.com/bostonglobe/ideas/articles/2008/03/23/ the_good_recession/

Very good points! Sounds like a good time to go back to school if you can.