That’s very depressing. It does make me wonder why the VP of engineering is thinking of firing new blood into the company. Senior people don’t stick around that long. Among other problems with their logic. If it increases their productivity wouldn’t that mean you could get more of out the employees you have?
My question to you is, if your company is probably going to fire more people, but it’s impossible stop. So what advice would you have to CS grads now? Just quit. Go find a job as an electrician. This isn’t worth it?