Microsoft and other ongoing layoffs will increase violence on Indians living in Western countries.
As per Mimetic theory, whenever such things happen - some entity has to be scapegoated. The anger & frustration of losing jobs will have to go somewhere and it will be Indians in this case.
Though layoffs are happening globally but angry westerners will say layoffs are happening because companies will replace us with H-1B Indians or hire directly there instead of us.
If you're a brown skinned person living in West, please stay safe. Road is rough ahead.