Well, hopefully there's a silver lining to all this: Talented and underappreciated engineers (or those just caught in the crossfire of shitty policies) will go on and start new, more exciting companies.
Which what money?
With these interest rates and Section 174, it's pretty rough out there to start one as compared to ~6 years ago.
6 years ago, with cheap money and everyone eager to start new firms makes success more of a lottery than a systematized effort. I'd rather be a startup founder raised on lean capital with less of a crowded marketplace.
They must think we all got long COVID with brain damage and that the vaccines protected them from this.
Have a family and esp these employees in high CoL cities? Very tough.
Speaking from experience. Been there done that.
"We'll have all this new innovation via new startups now!" is such a feel good sentiment to layoffs but in reality is nowhere close to a solution for the affected employees