When your boss gets fired, you might panic that you are the next victim but sometimes having your boss fired, especially if he or she wasn’t a pro, is the best thing that could happen to you (and to the company as a whole).
When a manager is given the sack, this usually suggests that not everything has been going on smoothly. It depends on the company, but generally managers are not fired for things such as not wearing a suit, or arriving 5 minutes late every day but for more serious sins like lack of results, bad managerial skills, abuse of power, etc. Of course, there are exceptions and it is not unlikely that a top manager is fired because of the intrigues inside the company and if this is the case, this should ring a bell that this company is not good and you should try to escape from there as soon as possible.
However, I am not discussing the situation when a top manager gets fired because of intrigues. I am discussing the situation when a poor manager is finally shown the door. If this is the case, you should jump with joy because getting rid of such a boss is a wise step and it can help your company achieve better results. When one more top parasite is kicked out, this is good for all the pros who are in.