I’d been dodging layoffs for 20 years until I got laid off for the first time, late last year. My personal situation isn’t bad at all. Meaning my wife has insurance through her job and we have plenty of cushion. I’m spending time on a hardware startup and practicing leetcode. The job market will come back, it always does. Maybe not as hot but we’ll see.

Edit; According to Vernor Vinge, real long term tech unemployment could be a signal of the singularity approaching; so we’ll have that going for us (if the job market doesn’t come back) at least.