I see it more from an investor perspective. What do you read into a company that starts doing large scale layoffs even though it has a massive hoard of cash an

I see it more from an investor perspective. What do you read into a company that starts doing large scale layoffs even though it has a massive hoard of cash and remains massively profitable, just because some temporary trouble hits? Given the company can easily retain the staff from a financial perspective, and employee churn is incredibly expensive - it has to mean they really, truly they can't think of anything useful to do with those staff. From that you would have to conclude that management and the board are simply out of ideas for how to grow the business.