Decisions have already been made as to who is being let go after Q1. There are some pretty significant reductions.
The reason MH says there are no plans to do layoffs is because they plan to replace the older legacy headcount with younger workers at lower salaries. This is all about cost cutting. MH knows he needs a sales people. He just thinks it's cheaper to do it with college kids.
Your death warrant has already been signed and date of execution is set. Update your resumes and start looking ASAP.