Take it from somebody who was laid off last year. Looking at where the company is now, I can safely said that being cut helped me dodge a bullet. I'm honestly relieved to be out of there. Severance was more than enough to get me to my next job (took me close to three months to find one). My new job pays a little less, but it has better bennies and much better job security. I'm genuinely happy now. I know everybody is nervous with the wait, but just take this into consideration.