My sympathies and best wishes for all who are looking for work, or worried about their jobs. The company I work for announced a restructuring last week by getting rid of a vice president and several directors. Once they're done reorganizing the top they'll announce where else they've found oppotunities for "setting up shared resources" and "eliminating redundancies." I'm pretty sure my job is secure, but I can't help noticing that two high-level people with good opinions of me were just shown the door, while one manager who has (in the past) had his bootprint on my butt was promoted to VP. I also just finished up my part in a major project and am sitting in the morning meetings back in my old department reflecting that they've gotten by without me just fine for the past 18 months.
In the end, no job is truly secure, which goes even further to show the value of friendships and communities (like this one) of supportive people. Hopefully, this community can act as a network to help you all find something fulfilling. My thoughts are with you all.
-Dave