This may sound like a mean joke, but I mean it seriously (and sincerely) ... update your resume.
You're very fortunate that they gave you such an advanced notice, so take advantage of it!!! Now is the perfect time to start networking with colleagues, friends, and family to seek out other opportunities. Unfortunately, there's MANY people in the same boat as you in this economy. One good thing that I've found with the current unemployment rates is that people have been much more understanding/helpful in the process of finding a new job.
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