Yes, I was walking through my kitchen while my daughter was on a conference video hearing the news (she's visiting us this week as she's bored out of her mind at home). Thankfully (and somewhat selfishly), she avoided the axe this time around. Not surprisingly as many in her department were older (65+), had over 10 years time there, and were likely making 3-4 times more than her. Eliminating her just didn't free up much money, and honestly, why get rid of someone you hope to keep around for 10+ years vs someone who will likely retire in 2-3 years.
However, some who were let go...lets say it is a very sad situation. For example, the assistant head coach from FSU had joined there a little over a year ago to work in player development. Apparently he & his wife had just bought a nice house back in October. Another person had just completed his Masters degree in December w/ tuition reimbursement from the USTA. Now he's gone.
Its rough...back in 2001 I was part of the 'dot com' implosion. Had literally just moved into our house, had two daughters, new truck...and suddenly no job. Not fun.