Being in IT for almost 20 years, I fear this and don't want to get laid off until retirement. But it's not within my control.
My only saving grace is I have 15 years experience in retail hardware, including management and customer service. Home Depot or Lowe's would be my first stops...if i HAD to get a job. I could teach the young whipper-snappers a thing or three.
I do COBOL and Java along with Unix. I already have a job waiting on me when I retire.