That's roughly how my previous company did things. A layoff in June, followed by an announcement in early August that a much larger layoff would happen in late

That's roughly how my previous company did things. A layoff in June, followed by an announcement in early August that a much larger layoff would happen in late September that would hit Engineering particularly hard (something like 40% as it turned out). It wasn't a very productive 12 weeks for anyone, despite senior leadership attempting to go on as normal.