That seemed to be the feel in 2008 as well. Lots of companies that were fine choose to have layoffs just because they “saw” a rough economy ahead. Self fulfilling prophecy, or just trimming the fat…?
Besides, if you work for any tech company, you should be able to throw your resume in the aid and get another job. Even if you are a blue collar worker, there are plenty of companies looking. I have a friend who works in finance for a major manufacturer. He said the company had to be a lot more lax about firing factory workers because they already had a shortage.