We're in a perfect storm. We have the recession, end of the fiscal year, and uncertainties about the future of the pandemic and social unrest.
With FY end, we'll inevitably see restructuring and some layoffs. It's already happened at MSN. But FTE layoffs probably won't be very high at this point. There's no way to know what the future brings, which of course causes anxiety.
If it's true that vendor budget has been cut 30-40%, my guess is that would account for 30,000 vendor jobs cut, does it not?
For anyone who's worried, redirect your anxiety in productive ways. Brush up your resume and add to your skill set. That's always good advice.