It’s going to take time for this to materialize. Presumably laid off engineers have access to significant reserves, many of them will be able to ride out a shor

It’s going to take time for this to materialize. Presumably laid off engineers have access to significant reserves, many of them will be able to ride out a short term period of unemployment. Now, if this turns into a torrent of layoffs across the Bay Area, then those engineers will be looking at long term unemployment, at which point we’re going to see short sales, foreclosures, etc.