Microsoft isn't laying off 60,000 people. They offered voluntary separation agreements, but nobody was laid off.
For 1 million software engineers in the US to lose their job you'd have to shrink the industry by 62.5% and nobody is doing that. We employ more software engineers this year than last year, which was higher than the year before which was higher than a year before. Get off the social media and look at real statistics and news.
This gleeful nihilism isn't health friend
Those 60,000 people are being eliminated from tech jobs. That's a gigantic number. Microsoft is pruning. They'll do it the hard way if they have to with literal firings. They'd like to avoid that if they can, and they're in a position currently where they can afford to. Most companies are not going to be so gentle.
HN is in denial. Just watch what happens over the next ~36 months.