Intel - Lay offs

Remember,those dot com burst days when there were lay offs everywhere across the IT industry world wide....Yesterday, while I was going thru the business times found a piece of news that Chip giant Intel had already laid off 1,000 managers world wide and its 15,000 employees across the globe are in the firing line...And this planned workforce reduction, including 1,000 already announced, is likely to include a significant chunk from the company's 3,000-strong team in India....Thank! God ...One of my friend working in Intel Banglore has resigned few weeks back and had left for Illinois university to pursue research work......Though I know this brainy would not have been among those miserable few to be sacked.....:-)
Intel huge lay-off plan comes amid a sharp 57 % plunge in it's second-quarter net profit and due to loss of it's market share to it's nearest rival AMD(Advanced Micro Devices)...But what abt. The poor chap's who are now going to be unemployed ??? This is a big question....and this big question is bringing down the pain in the nerves...now a days.
Market is bullish...IT giant's are recruiting like anything ...Other day there was a news that TCS is going to recruit 30,000 employees this financial year.....Not sure Wipro or Infy had already recruited 15,000 last quarter.....But what is going to happen if the Intel story is going to repeat......This is what which leaves me and my roommate haunting.....Whenever there is a news about lay-offs.
Guy's,It's good to be cozy in our shells but there should be some exit plan ready always ???

"Tough Times Never Last,Tough People Do"