This is perfect moment for axed leaders to spin up their own ventures. They do have cash & stability compared to IC's.
With this brutal job market it would be a better opportunity for people to join hands for a new venture.
You can reach out to your loyal IC's who hand your back to band together. Tap your network of technologists and join hands with people who got laid off whether in US or in Asia.
I am sure that the upcoming job market will be tough with 14K+ amazonians and 5+ others flooding the market along with Oracle employees. This also gives some breathing space for visa holders and lower IC's to find jobs.