Don't let any of the Watchtower's propaganda deceive you. I encountered some private conversations among Witnesses about the subject and it's ugly. Yes, there is suffering as many of these victims try to live on charity and can't find jobs in the worst economy since the Depression.
Some of their private observations include shock that you need a college degree for nearly any job and that the Watchtower Society couldn't have picked a worse time to do this to them .
All the while these complaints are discussed, I try not to show that I am astounded by their bizarre "logic". Somehow when 'worldly' companies cut long term workers, it's because of bad motives and lack of loyalty but somehow the Watchtower escapes this judgment. The fact that many companies are vastly more generous in severance escapes them. Somehow, the Society is just saving money because of new technology. The fact that they cut literature, magazines, subscriptions and food service escapes their notice.
I'm not making this stuff up. It takes all my self control to play along with these insane conversations without indicating that they have taken leave of their senses. Perhaps they realize on some level what's really happening and that's why they are at least willing to gossip around the edges of "how the Lord does NOT provide" ( my characterization).
Don't have any doubt about the Watchtower articles on loyalty - they have screwed people over and now have sent a strong message to long term "volunteers" that the Society is not to be relied on. It's no wonder they felt the need to put some of these people on stage at assemblies a la North Korean show trials to Praise Our Glorious Leadership. Allowing the Watchtower's "Old Guard" to know that they are disposable is a huge mistake - unless they really do have plans to radically downsize stuff like C.O.'s, etc.