When I started my first job out from the National Service (NS) in 2006/2007 and one year later, it was the Global Financial Crisis. 

As a junior staff in my early 20s, I was not impacted by the crisis when my company started their "restructuring" exercise, so this "restructuring" actually just meant "cost cutting" exercise, nothing else. 
Every time, there was an email announcement of a certain headcount reduction in Singapore office, I will look around me and realized that some of my more senior colleagues that were in their mid to late 30s were  nowhere to be seen so I knew that they were impacted. 
Names of the staffs were usually announced after the official email notification to allow the impacted staff to pack and leave the office "quietly" before everyone knew it was them.
I still remembered vividly seeing a manager in my department weeping after coming out from the ladies toilet...