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Exactly - I went though this myself.

When anyone is really harping on you about doing documentation of this sort above all other tasks (and ESPECIALLY in light of THOSE EMAILS), your position is about to be eliminated by that manager as he reaps the rewards of your efforts while sacking you. Make your financial adjustments, don't take on any new financial commitments now.

Ideal scenario would to obtain a new job fast and leave fast before they can RIF you. It is easier to get another job while you have a job, and there is absolutely no doubt about that.