Big side effect of these layoffs is that new talent is reluctant to join, even for more pay. Stability is going to come at a large non-monetary premium these days
The cold truth is, there no such thing as "stability" in any job, as long as change exists in the market. We need to stop treating jobs like a day-care because they are not. (Unless you are at Nvidia or Apple)
As your parents about stability. It's not a foreign concept. We just let America throw its labor away.