Layoffs are not bad press. Not to the shareholders, the only ones who matter to these types. I used to think “oh, layoffs mean the company isn’t doing so good,” but shareholders see “they reduced cost but lost no customers, thus increasing value of the company should it be sold.”
One of my best friends lost her place of living when her boyfriend of 4 years said the relationship had actually ended in his head 2 years previously, but he needed the rent. But then he found a new girlfriend to grift from, “opened the relationship,” and they edged my friend out. I am still mad they did that to her; she was so heartbroken and damaged from that.