I've been thru a lot of layoffs in my 30+ years in the tech industry (specifically telecommunications) and it never seemed too painful for the big boys (and occasionally girls) at the top. They always seemed to find a way to land on their feet with another high paying gig in some executive position.
Unfortunately for the WT, they are not part of that club. The tech club C level exec's could reach out to their former board members/etc and find at least a temporary home that kept them living comfortably. The WT gang has only one option: circle the wagons...