Layoff notice, what does the 60 days mean? - what worked for you?

I received a formal notice about a mass layoff at my workplace. Thank you in advance. Some colleagues are already leaving. Has anyone been through this?

The workforce board ran a rapid-response session for us with résumé help and information on benefits. Ask if yours will.

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