A surprising number of these folks in the SFBA are willing to relocate.
There's an obvious and boring explanation for the prevalence of "willing to move" on this list, and that is if the layoffs mostly hit recent and more junior hires. Another company I worked for had a significantly younger and more mobile workforce, and it wasn't uncommon for new hires to move to the bay area from across the country, and then relocate to another regional office or even overseas just as easily.