I don't want to spend any more time thinking about Sabre and trying to make sense of these layoffs. Sending resumes and looking for a new job is now my main priority.
Some people are afraid that they won't be able to get a good offer for a long time, although there are also those who claim that the job market is not bad at all for those with skills. I hope the latter are right.
Mass layoffs are never the fault of employees and are always the fault of C-level people who fail to properly anticipate demand or lack thereof. They are the results of companies growing beyond what organically can be supported by the market demand for their products, and the result of poor investment decisions at the highest level.
Most employees will move on and make more money elsewhere, but will have to go through short-term pain. It's the opposite for the business. They'll incur short-term gains, but long-term are diminished. CEO's now don't care about the long term negative effects because even the good ones only last about 5 years before the board of directors finds some reason to force them out.
In the software engineering world, there are some good opportunities. Nowhere near as plentiful as last year, but still some damn good options.