Layoffs are not the only problem – discouraging telecommuting is a huge issue right now. For example, having a requirement that folks are within 100 miles from the office and to come to office every day – that’s ‘discouraging’.
I personally felt this on my skin as I lost a couple of folks and my team lead due to the requirement. Keep in mind that this just one of the issues. The mood is fairly bad too, we know that 10s of thousands will be let go – so people are expecting it. Finally, my last rant is on wages – there are no raises lately (at least during last 7 years – you may get a little bit but that does not even cover inflation) – they may hire you with a good wage but you can forget any raises.