There was a period of time after the last lay off and before the current one, I had noticed a huge number of exec level folks jumping ship, moving companies etc

There was a period of time after the last lay off and before the current one, I had noticed a huge number of exec level folks jumping ship, moving companies etc. I wonder if that was just in anticipation of all this? The execs do seem to be taking care of each other regardless of companies while employees argue about which companies are supreme!