As the technology & IT sector is growing, it is not unusual to see job saturations and unemployment. 

It starts with a win-win situation where the government keeps spending and giving incentives and more and more jobs arise and high wage rates offered ;  with more and more people coming and getting jobs until the classic supply-demand question arises. You see profits going down and mergers/acquisitions start. You can see people going jobless every day. So we embark on a lose-lose situation, Now what to do?

So how to tackle that from Institution perspective and what are the survival strategies for laid-off employees.

Kindly share your views backed with available supported research/results.