The last year I was at a biotech company in Alameda, CA they had laid off some people in September. The Christmas party was in the banquet room on the top floor of the Oakland Marriot. Great party with caviar and everything. First week in February they laid off about 66% of us remaining employees including some of us who were some of the first people hired. About a year later,company was sold to Pfizer and about 6 people got to stay with the company if they moved to NJ.