No way they are going to lay off 40K people. Not when you'd have half on London up in arms about it.
Everything in the ruling is fixable.
It'll go to appeal, it'll take years, Uber will spend a bit of money to sort some stuff out and they'll be back to normal.
It seems that this is Tfl's attempt to placate the black cabs (the cunts) but ultimately won't go through and they can say "hey we listened and tried - now deal with it"