I used to work for a fairly major Japanese electronics company, in their handset division. I was there for 7 years all told, far too long to hold a post really but I suspect I just got too comfortable. The last 3 years there were pretty bad apart from a great automation tool we worked on, which worked rather well.
They had 2 rounds of redundancies while I was on the employee forum: both times, I participated in the process, working on the definition of what would decide who stayed and who got paid off. Both times I was left in the company: and the second time, it hurt rather badly and I'm ashamed to say I behaved like an asshole for about 6 weeks. Ultimately I recovered a bit but eventually it just became too much to wait around for the final axe to fall, so I left almost exactly a year ago and spent the three months in Andorra playing bass with Janeiro in the Aspen bar in Soldeu (wotcher peeps).
I heard today that the final axe fell: I stayed in contact with the guys I used to work with ( a great team - we had a Xmas meal this year, and more than 20 of us turned up - remember, this is an EX-system test team) and now I'm trying to help throw jobs their way.
And it feels pretty good. Not gloaty good, I'm not grinning because the place is shutting down, I feel good for the guys who are still there as this will a) give them a healthy payout and b) give them a chance to work somewhere where they will feel really valued for the talents they have (Darren, Sean, et al - you are wasted on those dumb ineffectual bizarre Japanese idiots at head office: you care about quality, they care more about losing face and honour!)
It really feels like some form of closure: like something let go of properly. It's good.