Layoff notice, what does the 60 days mean? after 10 years as a quality inspector

I received a formal notice about a mass layoff at my workplace. They offered a retention bonus for people who stay. Has anyone been through this?

Thanks for writing this out. I went through something close to it 9 months ago, and it got easier once I kept a simple log of every call and form.

I stayed for the retention bonus and looked for work on the side. It cushioned the gap.