Being "Let Go" ... What to do now?

Depending upon your source, we're learning that the economic recession is coming to its end but immediate job growth will remain shaky for the next year or two -- depending on your field.  In the meantime, I'm looking at several friends being "let go," having their hours cut and struggling to re-enter the workforce.  So, what's a YP to do when faced with these challenges?  I've posted a few links to some interesting articles on re-entering the market and what to do after being let go, but I encourage you to share your thoughts and any resources.    

• Re-entering the Job Market
• Networking, Communication Skills Are Key
• "What To Do If You Get Laid Off" (Tips on how to respond, dealing with emotions, etc.)
• "Laid-off 101" (Information on insurance, COBRA, your 401K, etc.)
• Inspirational Stories: 3-part series on the impact of the recession in Baltimore