I gotta agree that I feel the same way. I've survived layoffs where I pretty much saw all the "most valuable" people (plus one or two people who we probably shouldn't have hired in the first place) laid off while us underpaid suckers got to keep our jobs. Layoffs are a cost saving measure and unless you're cheap to retain or have built up too much of a "bus factor" around your skillset, your work is probably not good enough to save you. Someone with 15% less skill and 30% less pay will replace it.