It’s interesting that you post this as a parent – I am a parent too, my daughter was laid off last week and I’ve been keeping an eye on this site. I felt angry as she did everything right from the earliest age and she felt that she found an ideal company to work for – she was invested and engaged and felt that things were going well.
The news hit her really hard as she saw herself spending long time at SAP. Nonetheless, she’ll have to course correct and I am sure she will be fine. I think she learned a lot in a very short period and this experience coupled with her CS major should be an OK combination for finding jobs. Good luck to all and I am really sorry for all people who lost their jobs last weeks (it looks like they are mostly done with culling, so fingers crossed it’s over).