It's impossible to know that without being privy to inside details. What if they had a major deal lined up that unexpectedly fell through? Things like that can

It's impossible to know that without being privy to inside details. What if they had a major deal lined up that unexpectedly fell through? Things like that can change "no layoffs" to "4% layoffs" literally overnight. Companies are pivoting quickly at this point with the shifting tides and contagion happens fast.