Well they definitely have their pick of the litter if they want us. Although I don't know too many people who are taking the public interest route even after being laid off. Especially with Manhattan rent.
It's more common for grads of schools that have LRAP. Berkeley folks can get right back onto LRAP if they go into PI within 2 (maybe 3) years of graduation. Usually PIO's pay a living wage, so if you don't have loans to worry about, it might be a lifestyle downgrade, but better than nothing at all. There are so many of these laid-off associates, the market is flooded; I don't think most of them can afford to be picky.