From the comments:
>Rubbish. Unless you are one of a small number of people doing "X", and now there is less "X" to do, this is not the case. You are being made "redundant" as your job still needs doing, but other people are cheaper/less awkward/less inclined to complain about lousy conditions (or. hey, AI might even be able to do your job, but that is only true if manglement don't care about the job being done). Unless the actual business is significantly shrinking, the work is still there - you were just the most fire-able. Too old, too professional, too expensive.
Beware there may not really be as many jobs that need doing as there were a couple years ago, prosperity does seem to have receded quite a bit since then.
Looks like a lot of peoples' ambitious careers could be the things thrown out like rubbish.