Believe me, I have very very close experience with what it’s like to go through layoffs, and I feel for those who have just now realized that nothing in this world is guaranteed.
But griping that management should have kept paying salaries when the money wasn’t there won’t get anyone anywhere. Take your severance, hone your skills, apply for jobs. If you can, maybe take some time to go on a trip. Life will go on.
Companies don't stay profitable by investing in unprofitable markets, though. If they don't think this approach is going to work out long-term, they should stop spending money on it, even if that means reducing headcount.
But griping that management should have kept paying salaries when the money wasn’t there won’t get anyone anywhere. Take your severance, hone your skills, apply for jobs. If you can, maybe take some time to go on a trip. Life will go on.