The more I read about what's going on, I am feeling much better about the timing of my surplus in March. Especially I'm glad I got my 6 months severance package (6 months pay and benefits) before they found a reason to fire me!
Good thing I lived within my means. With the exception of a very manageable mortgage made shorter by a timely refi last year from 30 to 20 years, the severance paid all my debt and provided an emergency fund of about 6 to 12 months! I Rolled over my 401K and partial pension to managed IRA. I haven't gotten any job offers yet as my time with AT&T (18 years)doesn't seem to be impressive.
My next step is collect extended UI insurance and complete the government paid retraining program to obtain PMP certification. My only suggestion is to plan ahead. Hope everything works out for others affected by these layoffs.