Those 60,000 people are being eliminated from tech jobs. That's a gigantic number. Microsoft is pruning. They'll do it the hard way if they have to with literal firings. They'd like to avoid that if they can, and they're in a position currently where they can afford to. Most companies are not going to be so gentle.
HN is in denial. Just watch what happens over the next ~36 months.
HN is in denial. Just watch what happens over the next ~36 months.