This is going to become the norm for a while - many of these massive tech companies have a lot of dead weight, and these current conditions allow for the shedding of such weight. It will be painful, and not great for many - but at the end of the day we should emerge a more agile, stable, and innovative society. At least that is the hope. The age of exuberance is gone, time to put our heads together, and work hard again.