Absolutely true. The layoffs appear to have been 100% random. Lots of loafers and do-nothing types on my friend's team who did not get laid off, but other people who consistently do great work did get laid off.

There's no incentive to excel. Either you'll get laid off anyway or someone else will take credit for your work.

Might as well just coast. The severance is quite good, so there's not even much motivation to quit, better to wait to be laid off.

Not really. When I lived and worked in Silicon Valley in the early 2010s, we used to joke that Yahoo! is where you go to retire.

I think Google is starting to become that. It's just the nature of older very large corporations, I suppose. There are places to hide in these companies for non-productive workers.