ServiceNow San Diego - Is this the end of the boom?

Hearing about the 63 layoffs in San Diego is pretty concerning. I've been with ServiceNow for a few years here, and things felt so stable, almost like a guaranteed career path. This news has definitely put a damper on things. Wondering if this is a sign of a bigger slowdown, or just a specific team/project hiccup? Anyone else in San Diego feeling the unease? Trying to figure out if I should be updating my resume or if this is just a blip. The news article mentioned it was 'strategic,' which is always corporate speak for something we probably won't get the full story on. Curious to hear from others who might have been impacted or are in similar roles.