What I don't understand is the organisations they are laying off are also hiring. For eg. I saw Miro firing bunch of people last week and then hiring new people

What I don't understand is the organisations they are laying off are also hiring. For eg. I saw Miro firing bunch of people last week and then hiring new people. I feel this is like bait and switch. CEOs take responsibility of the layoff but it feels like they dont really care. If employers are not loyal then why should the employees be.