When Elon Musk laid off more than 80% of Twitter's workforce (or maybe 90%, the number is quickly increasing), many people said this would prove that a company needed only a handle of software engineers to be successful. If they are correct, it paints a bleak future where software engineer jobs will be forever cut down. I hope Twitter falls so it proves the reverse: a software company cannot survive without enough engineers.
While Facebook also laid people off, the percentage is much lower than Twitter. It will be even better if Facebook has to recruit people to win this battle.