Employee layoffs have nothing to do with the work a company has/intends to do.
A great video by Moon Channel, explains this and other things, about how the layoffs are 100% performative, to appease investors, in a literally manufactured hype cycle.
I personally think that the same goes for 100% 150% of all public statements these companies and their leaders make.
They don’t make sense, because they don’t have to. They’re not meant for you.