I got cut from AIG few months ago. If you are technologist from FW, retrain in on demand technologies like cloud/security using severance period rather than taking a vacation. Unless you are in 50's (ageism impact) market is very hot in DFW area . I got a much better job. I didn't have lot of tenure (around 3 years) but getting cut from that place helped me focus and get a higher paying job. The culture in FW due to few people is so toxic it is better for emotional health to leave that place. The company has good brand name , use it , take severance in installments and technically you are in pay roll until it runs out. Easy to find Job once you have one. Stay positive , Get focused on learning new skills, net work and it is easy to find one. If you are above 50 and you have survived by pushing papers (aka Management, Business analyst) it may be difficult to find one right away , but since you will have few months of severance , you can find one. Have a sense of gratitude to the company , this company severance is one of best (no one prorates your STI like AIG) . Stay positive and you will land some thing. Good luck to you all. I felt positive that this company is getting serious in getting cost under control, so use portion of severance to buy stock/option on AIG if you can.
Found this to be an inspiring post for those who got cut and thought it should have more visibility on this board. I guess it's up to every person to decide whether he/she wants to buy company stock, but other than that I completely agree with the OP @VErJWEr-3jbg