Their strategy is to apply small cuts frequently and to spread them throughout the system.
By making the cuts in that way it avoids potentially bad public relations, and it allows them to make the cuts in a more targeted way to meet location-specific performance goals.
My advice to anyone still employed there is to update your resume with marketable and transferable skills and to begin applying to other jobs, if you haven't already done so.
Good advice from @10QlJzoZ-yyf.