What they are NOT telling you...
The previous round of layoffs sent jobs to India, this round Mexico. The same jobs are available, but only in Mexico. In order to collect a well earned severance package, some who were termed must remain employed until June 2023 to assist with the transition.
28 years ago, I would have recommended this company as an excellent place of employment. Today, I would tell one to run for the hills. You will be a number, and nothing but a number. Your dedication and performance will never be good enough. There is no work/life balance and disrespect is the normal.
May those who were let go this round consider it a blessing in disguise. Sadly, I feel for those who are left as you are on borrowed time.
By the way, the pricing for your favorite salty snacks went up again in January.