Have you experienced being retrenched?

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Have you lost your job before without warning?How does it feel? I am asking because recently I lost my job because the company I worked with had to cut down on expenses because of the global financial crisis. It happened without warning. The other day I was busily doing my routine at work and then the next day I was told I had to be kicked out because of the global crisis. That hurts. What would you feel if such thing would happen to you?