That is where I'm at too. I agree with other posters that this looks a lot like the outsourcing craze around the turn of the century. Things looked very dire then too (I remember being in high school and being advised by adults that there would be no programming jobs left when I grew up), but it eventually swung back around. The trouble is, "eventually" is cold comfort if you're out of a job today. Anyone working in the tech business should be tightening their belts just in case they are the unlucky ones to be out of a job until the madness blows over.