That is a good sign. It means the ship is slowly turning around. It sucks for the employees being laid off, no doubt. However they have to do this. There is no other way. They bet big on support and services in early 2000s. So they have lots of those employees. Could they all start to learn new things adapt to the new environment, yeah, some will but not everyone will. Heck, if they didn't lay off people, they'd stil…
Do you have any information about the company's position and needs? About what options they have? About the ranges of outcomes of the various options? About the decision making process and politics that lead to this option? Otherwise, it's just a very speculative assumption, repeated by many, that firing people must be good. Management must be acting in the company's best interests - they couldn't be biased or selfis…
[1] https://www.wilmerhale.com/pages/publicationsandNewsDetail.a...