This is 2016. This is the year when the best start-ups will test waters. That will include your company too. It has nothing to do with your capability as an employee. Most of the hiring managers understand that.
If you have been asked to go, either it was random or either you were in the bottom 10%. It doesn't matter much. If your company was expanding, then there would have been a 10% below you too.
You had a job, and you will again have a job. Because if it doesn't happen, the entire economy will collapse, and most of the managers will also not have a job.
So don't worry.
Also don't try to hide the fact that you are being let go.
Don't make this another "Looking for change" or "Looking for opportunity" euphemism
We all know, that no one looks for opportunity or change unless its absolutely necessary. That's human psyche. There are books around it. Even a subject called "Change management".
If you can, then start-up. If you can, then get back to college and get that additional degree you were looking for.
If you can, then take some time off the hamster wheel.
But if you still want that job.
Make sure that you have done all that you can. Sometimes its just the times. You can't make it rain when you want it. Make sure that you have built the best resume.
Make sure you have put in your back into getting it.
Not just a copy paste message to all your linkedin friends, which made you feel better. Not 50 clicks on a job site every day. Not a resume from 3 years ago, with 5 spelling mistakes, and hoping to get lucky.
If you are looking for a job, then that is the job. Do it diligently with a great quality execution.
And when you get it, don't tie up your identity with your job.
Its a job.
Try to get another dimension that people can use as your identity and define you.
I hope you get that job. I really do. I know you would be stressed about the future. If you will be the best or do better than your peers. Or will you live up to every one's expectations. Don't worry. These are trivial. You made them up in your mind, and you can let it go.
Take a step back. Evaluate. What do you really need.
Find happiness. Relax. Take a breath.
Now get up and do it.
The views expressed here are my own and bear no reflection of any of my employers past or present.