Interesting to see some of the emotions here.

Lots of negativity around people losing their jobs when in reality everyone is responsible for keeping themselves skilled such that when the inevitable happens they can add value for some other employer (hp used to employ people who sold calculators and clearly there is no place for that sort of job today)

150 people may be losing their job but 150 people may well be getting a new and exciting job. It might be on lower pay and that's just the way life is. We all wish we could just stay in a job with ever increasing pay and have a lovely existence but it's rare these days to find that sort of job security.

I work in IT and thousands of people get laid off every year mainly as a result of the industry changing faster than companies ability to keep them skilled. I was once told I would be made redundant after 17 years with a company who told me in the letter that I had no skills the company could use (!!). I dodged the bullet by finding a post and eventually took a voluntary package a year later to move to a different IT company.

One door opens and another shuts. Redundancy sucks there is no doubt about it but it is almost inevitable these days at some point in one's career. Keeping skilled, up to date, will mean survival and new jobs for those that do it and for those that don't, life will be harder.