Hi murf,
All Excellent points - people need to be aware that they a required to seek employment while waiting for a settlement that may take years. Also noticed that it was easier for me to locate a Job when I was working. Therefore if the company has given you notice or you suspect a right sizing. ( New HR buzz word) you might want to consider using the remaining time at your job to search for a job rather then wait until you are out the door and looking in. It all depends on your length of service. Or if you might want to wait until you are offered compensation package like early retirement.
HR - "We're Right-sizing!"
employee - "But.....but there's no one here!"
HR - "And now we're the right size!"