My first job, 8 months on relatively fresh to software dev. They announced we were going to have a pizza party the next day for all of our hard work this year. The next day come around and about an hour or two beforehand I see managers running, yes literally running, around the office and taking people aside. Turns out half the company was fired and there wasn't even pizza. They pretty much just said, we fired some people no big deal, back to work everyone.