My company went through its first round of layoffs on Friday. About 10% of our workforce was laid off. Thank God I made it, but it does make a person think, especially since one of the people was the engineer across from me. It made me want to focus harder on getting out of debt. The American way is to spend spend spend so that you are living from pay check. That’s all well and good (actually it’s not but you can get by) until the downturn comes and you get laid off. Then all the sudden you have all these bills that you can’t possibly pay. So you’ve got two weeks to find a job or your bankrupt.