Managers are being told to look for cost-cutting efficiencies - this also means secretly labeling their staff as essential or non-essential. This company is mercilessly massacring their (older) employees which is having an effect on the community and going completely unreported in the press.
There's definitely more coming.
Think about it... aside from pro photographers, who do you know that has bought a digital camera in the past 6 or 7 years?