[halfastack]

How does that make sense? Can the "grad" do good enough job compared to a senior? I've seen my fair share of "senior" developers, who had insanely high salaries for some strange reason yet their output was mediocre at best. Laying off these people I can understand.

That said, management is notoriously bad at spotting these people. Chances are they lay off the only person who knows how some crucial piece of SW works...