Layoffs help cool off the overall job market as labor supply increases, so from the perspective of companies hiring, they can be favorable. As for snapping up a

Layoffs help cool off the overall job market as labor supply increases, so from the perspective of companies hiring, they can be favorable. As for snapping up a freshly laid off Twitter or Facebook employee, there are surely some good individuals in there but I agree that as a group they are probably not the rockstars, nor the quiet competent folks that are a good fit with "boring" businesses. It reminds me (forgive the harshness) of the real estate downturn, when you might be able to buy a foreclosure cheap, but most of the time it's still not a place you can do anything with.