You have to remember that at least there's severance when you're laid off. After they spend the allocated amount for that, I'm certain they'll simply start putting people on PIPs and firing them - deserved or not. PIPs are not as simple and clear cut as layoffs but they're much cheaper.
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@OP in my opinion, it is NOT “lucky” for “top talent” employees who are selected for a layoff, because the company needs to meet an “equal treatment” quota. Recently, I overheard two “back in the day” types discussing how layoffs worked in the 70’s and 80’s, before WARN. Basically, layoffs/firings were solely based on performance, and something about “C” players? The performance-based part I get, but I had to leave before the “C” player details. Sorry to hear about your PIP.
Yup, trash company.
Not how it works. People fantasize the wildest things.
They are already doing it!