Over 130 people were laid off last week (1/31), vast majority were engineers. Around 200 people have left the company since 2025 either voluntary or involuntary. For a company of around 2000 employees that's a pretty high turnover.
The cuts were likely to help the stock price and give the execs something to gloat over in the earnings call on 2/4. Despite the stock doing well the past few months it's clear Mercury is still not performing well.
I can't speak for other employees but despite not being laid off I no longer care about performing. There is no point in giving 100% to a company that is willing to cut positions every quarter and has no incentive to remaining folks. The reality is remaining workers are expected to take on much more than their share and it's clear this is going to bite the company once production falls. Hopefully Mercury will start offering voluntary exit packages so I and other fed up employees can leave.