...getting terminated is a little more than just perspective. It is an event which can have significant repercussions for a person: mortgage payments...
This is the key issue. To be honest, even I am realising the impact this can have, only after it happened to me.
Financial: all plans made carefully, thoughtfully and intentionally are suddenly meaningless.
Personal: lot of awkward discussions :) friends, relatives, business acquaintances (e.g. I did the mistake of updating my LinkedIn - COO one day, and 14 days later deleted the "employment status". As someone pointed out, this is a first world problem - there are much worse things that can happen. I agree. But still, it really annoys me to explain myself to everyone who asks. Some even wonder, if I was "fired" :))
Work: searching for a job is not fun (at least for me), and having found something I love, commit to it (after much consideration) and then being yanked out of it so soon, felt cruel.