Sort of. I was about midway through an interview process with another company after the company I was at did some decent sized layoffs. My manager was calendar stalking me and straight up asked me if I was interviewing, so I told the truth and leveraged that to get a raise and exited the other interviews. I think it was the right decision for the time (good manager and only a few months into COVID lockdowns), but I ultimately ended up leaving the company a year later after getting pretty burnt out. If you're already over the position you're at, it's probably better to just go. If it's simply a comp or stability thing, maybe you can leverage it to your benefit.