http://www.nytimes.com/2016/01/26/us/lawsuit-claims-disney-c... http://www.latimes.com/business/la-fi-edison-layoffs-2015021...
Nobody suggested that the probability of at least one of these people getting a decent job down the road is zero.
A huge percentage of them in their 40s, 50s will not get anything even close. Please take some time to become familiar with ageism in the IT industry to understand why this is the case.
What is it that you don't buy? Exactly.
That they didn't really lose their jobs? That they were not really replaced that by the temporary immigrants on H1-B visas that they trained? That most of them didn't find better paying jobs within the week after being laid off? That many of these families will not suffer a huge drop in living standard?