40,000 home office associates laid off yesterday

I have been working with the remodel team for almost two years now, about 5 out of my 35 coworkers have been working for remodel for almost 10 years. We were all called yesterday by different directors (that we’ve never spoken to before) telling us that we were all being laid off effective immediately, even for the associates who were in the middle of a remodel project. We were also told that it was a “hard decision” that was made that same morning at 8:30am. They then told us we’d be receiving packets in the mail the following day (today - 02/28). We thought maybe it was our team being laid off but nope, the entire project team has been disbanded and the position has been erased entirely. They are now hiring part time store associates to complete remodels with a $6 pay cut, while I was making $20/hour with gas mileage reimbursement. Upon parting ways, they’ve given us severance pay for 3 months until we find a new job. After May 30th, we will not be receiving anymore help. I’m incredibly frustrated, anxious, and annoyed. I’m not surprised though. The past year has been rough in this position, a lot of weird changes and we were all kind anticipating something to happen to our position. We definitely didn’t expect to be told to not come back to work in the middle of a project though. Though the severance package they’re leaving us with is a lot better than most, I still can’t help but feel incredibly defeated at this point.

ETA: they’re not actually paying us what they said they were going to for the next 90 days. It’s an average total of what our individual paychecks look like, they’re not counting NPTO or PTO, only working hours.

ETA: the 40,000 came directly from my boss and I didn’t care to check the validity of that due to taking his word and being wrapped up in my own feelings. The number is closer to ~1,500, sorry about the misleading title!