100,000 is just a number in "tech" firms, which is a board category. 100,000 is a lot, but not really a lot compare to the current situation of the economy. You should look at how many of those layoffs are strategic, and many of them are just "cutting fats". I assume many company are using the time to cut their fats.
yup, and also for companies whose stock prices are depressed (all of them), this is one of the only meaningful things they can do for investors in a recession. and frankly they can rehire people later for lower wages...i see a huge wave of salary resets going through the valley. developer wages were out of control, at one point last year i wouldn't even look at anything under $150k. now i have a lot of experience, but even i found these salaries absurd for developers. thats going to change.