Having worked long time in both academia and industry, I can assure you the differences when it comes to bullshit jobs are minor. You might argue about the color of the turd, but it still tastes like shit.
In the US this is completely untrue. Research universities basically never have layoffs. In contrast, Google alone has in the last year laid off more people than the combined faculties Harvard, Princeton, Yale and Stanford.
Private sector layoffs are harder in Europe and academia is less well funded, so it might be true-ish in Europe.
