It's more than obvious in the way the so-called leadership runs this place. In the long run, it's cheaper to retain and promote good employees rather than lose them. But they'll rather lay them off for momentary gains that will be reflected in their bonuses and move on. This is only one of many, many such examples. I wish we had leadership that actually cared about the company instead of only thinking about how they can further enrich themselves.
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I stated to quiet quit after my last review when I was so nicely gifted my 2% bonus and no raise (M/M). Since then I worked less and less, starting going on interviews on company time (when I would wfh) and got a new job which pays more, wfh, and no stress or bs like this place was. Our team, prior to my leaving, lost several folks and they just refused to backfill their roles, expecting everyone to just work more... after the compensation shafting... They literally are clueless.
It's not a lay off if we make you so miserable that you leave.
You've heard of "Quiet Quitting" -- well, they practice "Discreet Downsizing"
I think the proper term is "grifter". Layoffs are happening. They are just hidden under the guise of age discrimination, forced attrition, micro-managing employees until they quit, department "restructuring", cutting bonuses, "re-organizations", job eliminations, etc.
No one has been laid off.
Big companies have been doing this for decades. When the economy is growing people have jobs. If the economy turns then they declare a lock down a shutter the mill for a while. It stinks that it has to happen but it's life.
Every company is like that unless it's a privately owned business and the owner is a good person.