I spent most of my career in the construction industry and have been laid off a number of times. It sucks every time. When the economy goes down, nobody needs a person who can manage large projects and get paid well for it. They need some peon who can count rat turds in a lab and get paid peanuts. I got really lucky and have found another niche, but there's a certain irony or something about being 50, having two masters degrees, and packing roofing up a ladder as a physical laborer. I'm back to being a desk job type, and it's the best job I ever had, but it sure was a lean time before this came along. It is crazy how life twists and turns. There's no safety net, no guarantees, and no chance that anybody who wasn't very, very lucky won't have to face it sometime or another. After all these years, I have come to the conclusion that the only things I really have are my time and the abilities I have gathered together over a lifetime. All else can be taken away in a flash. Even time and abilities are fragile things. As far as money, I'll probably be working until I'm 70 anyway, since the choppiness of my work means savings got destroyed on a cyclical basis. So it goes.
It sucks. That's the only thing to say about it, and misery doesn't love company. I hope it turns out to be a blessing in disguise, as the last round of misery turned out for me. Or at least, it doesn't turn out to be misery for too long. All the best to you.