As unlikely as this may seem, this exact conversation took place with myself in 2008. The Big Cat who delivered this announcement perhaps didn't realise this was just the kick I needed to get up and leave the company for pastures new.
This illustrates just how dangerous the corporate jungle is - there is absolutely no mercy when it is time to shed weight and I am personally aware of numerous people who are promoted one week and redundant the next. The word that springs to my mind when you witness this is 'brutal'.
Thrive - Surviving in a Corporate Jungle
“Hi Andy, I have some great news. Because the company has announced there will be mass redundancies this year and the fantastic job you are doing - we’ve decided not to promote you. This means you should be safe from the cuts and you can try again next year. Well done.”