Total psychological ploy by the senior leaders at this company. Seen it happen before, there is nothing new under the sun, plus I've read their playbook. LAYOFF RUMORS WERE PURPOSELY LEAKED.
Not what do they get out of this? They want to incite widespread fear through the company for months and weeks. Teams and divisions will be restructured and some people will be let go sure. Maybe even an acquisition, merger, or buyout. But most people will be back on their feet in a few months or so.
Now what about the people remaining? They work in MORE FEAR and are more willing to s--- up and accept lower pay and worse conditions, while the leadership and the protected groups laugh to the bank.
You are all being played, don't fall for it.
And for those who are living paycheck to paycheck, well it's you're own fault. Ever hear of an emergency fund?