Things have been going from bad to worse for a long time, so much so that layoffs no longer come as any surprise to most of us. We have been threatened with cuts so many times and had to go through so many small layoffs, that this is just more of the same.
You know what would be new? And goof for the company? A round of layoffs that would get rid of all the incompetent managers and higher ups who don't know their jobs and don't care about their employees. There are too many managers here anyhow. That's where the real dead weight is.