From what i have been reading about the economy and the market there is going to be wide spread job losses across Europe. I thought the mass culling would have already happened, but it seems like it will be now for many. Companies have changed over the last 3 or 4 years and it is noticeable as an outsider.
It is likely that in the next 6 month, there will be a lot of cuts I think. I am glad ours are happening now, because there is still a chance to get another job for most of these people. They are skilled.