I was laid-off on 1/1/06 after 5 years of service. I got no notice or severance, only a 'please leave the office now'. With a mortgage, two new cars, and two young children, it was a pretty big gut-check for our family. It took a few months to find another job and it actually gave me time to study for the exam of my life. After I secured new employment I took great pleasure in seeing my former company fail and the dipshit bi-polar manager run everything into the ground. Now my job, occupation, and field (to a certain extent) are pretty solid regardless of the economy and I keep hearing about subsequent failures of my former manager.