(Or even just changing their job/company within the same profession.)
The layoffs in tech have started. It won't be as bad as the 2001-2004 dot com debacle. Possibly not as bad as the 2008-2012 period was (which wasn't as bad for tech vs the previous downturn, but was just bad overall). If you've prepared then this will be the pause that refreshes. The break you've been needing for a few years now. A time to regroup, learn new things, rethink your priorities. Recessions need not be fearsome things if you've got a good emergency fund and you can live frugally for a while. I used the '01-'04 downturn to go back to school and get a Masters degree. I view that time positively.