This is such a bunch of crap for 2 reasons:
1. These huge companies constantly buy out small ones, give everyone a "We value you pitch", while they cherry-pick talent and right-size the rest.
2. They keep thinking they can hire new EXPERIENCED talent cheap- the amusing part is: most of these people don't exist. So they are forced to go back to tactic #1 above.
After experiencing this personally and watching it go on for the last 8 years, the only way to stop it is if everyone starts asking for money up front in case of right-sizing (say 10 grand) as a bonus.
I promise you this, the top management people will keep working there and they will get their bonuses while the people that were bringing in $ 140 to $ 160 billing an hour will continue to suffer.
Corporate greed has become so bad now, they will stop at nothing
till they finally screw up for good and are allowed to resign while they take mega stock options with them.
I had enough of this funny farm 5 years ago and Got the Hell out of it!!!