My wife woke up this morning to an email sent at 3:16AM informing her that she was laid off as part of this restructuring. It's a blessing in disguise, IMHO -- the work-life boundaries expected as part of her org were non-existent (calls with India every night at 8PM or 7AM, our time in California, on top of the normal 9-5 hours).
It's definitely hard to process. Lots of feelings of anger, sadness, relief, etc.
Fortunately for her, the severance is pretty generous (paid through March, then 6 months on top). But there's also anxiety about the job market right now with so many tech workers being let go.