I heard HR was hit the other week with layoffs all the way up through leadership. I am a manager and lost my really great recruiter! I was finally getting the level of support I needed from HR only to have it taken away again. I know that there has been a company wide hiring freeze for months now, and with these latest layoffs...it’s not making me feel secure.
I think we can count on the layoff cycle to be rather continuous for the foreseeable future, if not longer. Other years had deeper cuts, but this year has been like a bloodletting.