You are going through layoffs because the management is not competent!!! Post updates in this thread - please note: 1) Location; 2) Number Affected; 3) Positions Affected - again, this was well kept from the media and there are no official media reports on this round of layoffs. Imagine what would have happened if there was trasparency. You can help spread knowledge about this round of cuts.
So:
1) Location
2) Numbers
3) Positions
What's going on...