Every single time there's been a restructure at the company I've worked at, there's always been a wave of survivors guilt for those that stay behind after the "redundant" staff are out the door.
Everytime I've been personally impacted I've managed to hang on and get a role with more responsibility. Not necessarily more pay, but always more responsibility.
A few times, more pay, but it is an ongoing cycle whereby working conditions are constantly eroded through increased responsibility and declining conditionings.
It's the way the corporate world gas lights those who can't see between the window slats of the ultimate goal - make as much money as possible.