At a Steel Plant, Layoffs and a Request: Train Your Replacement
nytimes.com
nytimes.com
The big difference is that I am in software. My industry is highly portable and the jobs are in incredible demand. Essentially, I wasn't hurt by this separation.
Always have a backup plan. I have a backup career in an unrelated industry. When you rely upon a single source of truth for all your (and your family's) welfare you are at greater risk of losing everything.