Q3 just ended. These layoffs are because the books are not looking good. Everyone is hurting with inflation and higher interest, tech being particularly vulnerable to high interest rates.
I can only hope the execs cut correctly. A second round of layoffs at a company can destroy morale enough to sink the company. Who wants to continue working at a place that fired your close peers, wondering if you're next?
One option I haven't seen suggested is a wag bag. They're a bag you do your business into that solidifies everything and makes it safe to dispose into the nearest garbage can. You'll see them used by no-trace backpackers, climbers, and dispersed campers. Carry one in your bike's bag and rest assured you have a fast and traceless method.
Don't forget to bring sanitizer or dry leaf soap for hand cleaning.
I use Cleanwaste brand, but there are plenty of choices out there. Find a local manufacturer of them.
Additionally, carry extra TP or bring a bottle-top bidet. The kits tend to not have much TP included.
They may have cut themselves. Usually high level cuts are announced as "leaving for an amazing opportunity" or to "focus on family" or similar. That happens a month or two later after a deep layoff round and reorganizing. We'll see if these recent layoffs included executives by Q1 next year. Watch LinkedIn if you're that curious.
Still, it's unfair to the lower levels, including line management, because they don't get that option. It's a "thank you for your service" and a boot out the door.
Note: not all tech companies are like this. Gumroad is an excellent example of a very open and ran-differently business.