Yea it sucks, I had 4 years of pay freezes and promised training / promotion being deferred before finally being made redundant.
Even more pissed off that withing weeks of leaving my old job (I’d taken a sideways step when it looked like there would be redundancies a couple of years previous) was being done by a contractor.
On the upside I’m currently doing something a bit different, downside it pays about 1/3rd but with good prospects to get back to ‘normal’ if the old job doesn’t come back.
If I ever end up back there then I’ll be far more militant and outspoken when it comes to employment issues and far less yes-sir / no-sir and trusting.