What's most depressing about this round of layoffs is it's quite clear that it's self-inflicted. They reported and boasted about record-breaking revenue and profit during the pandemic. Blaming future macroeconomic shortfalls really isn't acceptable
These layoffs are a direct result of over-extending themselves with new ventures; AislesOnline, failed restaurants, hip gas stations, random shoe stores next to the candy aisle, or pushing weird partnerships with B list celebrities.
It's one thing to try to be innovative but doing so at the expense of loyal employees, that you eventually treated like cattle, is completely inappropriate.
@2pio+1fRHZqLq said it perfectly. Reposted from replies for more visibility.