Similar, though different enough, that I am not at risk of loosing my job. We both primarily do fundraising and marketing. My focus is schools (students, teachers, administrators), while here focus is on businesses and community partners.
Hmm, I'd say as long as you didn't do the same exact thing, she must realize that it's no one's fault that she's being let go. You might just want to say a simple "Best wishes" and maybe get everyone to sign a card for her, if you think the atmosphere isn't that tense.