Well, it's going to happen. Gov. Arnold Schwarzenegger is going to send out 20,000 layoff notices tomorrow morning. You can read the details in this breaking story by Kevin Yamamura.
The good news, if you're represented by SEIU: You're not subject to the layoffs, under the terms of the Local 1000 tentative agreement reached on Saturday.
For everyone else, the notices trigger a layoff process that takes 120 days. These aren't "pink slips." They're warnings that positions may be terminated. The governor's aim is to eliminate 10,000 of the 20,000 jobs under the layoff warning.