I see this kind of comment a lot, and wonder if these people have any idea what's actually going on in the media industry. Do they even work in the media industry? For starters, if this is happening at a company like Thompson Reuters, anyone with half a brain will deduce it's happening elsewhere too.
Strong corporations don't do mass layoffs when the industry is doing well. Common sense.
Next. Have they not seen all the layoffs the past 5 years? Living under a rock? Denial?
Sorry folks, there are not "Lots of jobs out there," no matter how badly you want to believe that little lie.