The fairly small company that I work for laid off over a quarter of our staff last Tuesday. Fortunately I made the cut, but it was one of the most difficult days that I've ever been through. Even though we were warned a couple months ago that it might happen, nobody really expected that it would, especially not to so many people.
It was the worst thing in the world, hearing my friends and co-workers phones ring one-by-one, and see them march down the hall past my office, into one of the partners offices, to get the axe. Excruciating. I was pretty confident that my job was probably safe, but I was still crapping my drawers at the thought of my phone potentially ringing too... Never happened, thank God. But I lost some good friends that day that I've known for many years. The office feels tremendously different now, and everyone's on edge because of it. It's created a rather uncomfortable working atmosphere now... The fun and comraderie is gone.
There's even talk of cutting back many of our work weeks to just 4 days (32 hours for 80% pay, not "compressed"). Still a chance for more layoffs early next year, if the music industry, and therefore our clients, royalties don't pick up a bit. If not, we might be in some trouble, since 90% of our business is auditing the record companies on behalf of many of your favorite recording stars. So all you folks who are illegally downloading music off the net - you're actually hurting people other than just the rich record company execs and major artists...

(not that I'm upset about that, just letting you all know that there's a "trickle down effect" when you do that)
Layoffs are something that I've really never dealt with before, and hopefully never will have to again - though I know that's wishful thinking. So has anyone here ever been let go from their job? How have you dealt with layoffs in the past? Is it as bad as it seems, or do you just move on to the next thing?