There's a lot of negative on this site. I, along with many others, experienced the slaughter on Tuesday.
I want to say that while the way this layoff was handled was horrible, the company did do right by us in the severance package.
The Bad: No real information was given reulting in terror in the hallways. There was no indication how deep the cuts would be. And no one even officially told us the day it would happen. We are professionals and understand that our product doesn't sell at the price it used to sell. We could have handled some general info. It would have helped us deal with the degree of cuts on the day.
Also, it seems that mid levels had little to no say in who stayed and who went. A few very undeserving people got to stay, and that's sad for the company.
Oh, and the escort from the building seems like overkill.
The Good: We received a generous severance, including a pro-rated bonus for the year. I know that I wasn't expecting a bonus at all this year. They didn't have to do that and had a bunch of reasons they could have used to justify a smaller severance.
The other good is bittersweet and ironic. I have never felt closer to my team than on the day we all lost our jobs. In any office, there are a lot of people who don't really click with each other, but who really likes Everyone in their family? That was the best "team building" exercise we ever had. I almost wish we could interview at a new company as a group. Wouldn't that be a catalyst? We would be a ready built team that already knows each other's strengths and weaknesses, and how to work together.
Good Luck to everyone. We will all do just fine.