Ask HN: Are you worried about being laid off in the next year or two?

I'm a senior engineer in a FAANG company and have a couple coworkers that are certain that mass layoffs are coming. Both with the same rationale: high unemployment is going to lead to a massive reduction in spending which could obliterate ad spend which is almost all of our revenue.

This sounds plausible to me, but these companies are also very cash rich and it is difficult to make predictions during this time. However I am curious: is this something others on HN are concerned about? Regardless of which part of the tech sector you may work in.