I was the highest paid on my team, had several years of only 4s and 5s on reviews, and had six years service, and I'm hearing from tens of others throughout Palo Alto where people with long experience and high pay that they were let go. Some of the most talented people I know.
It's shortsighted on very many levels, but hopefully for those leaving it is a gateway to better things. Let's go build great products and spread the best of what we learned.