"Rational" is arguable. There are a lot of analyses that would indicate that layoffs hurt your company in the medium-to-long term, even if it props up your sho

"Rational" is arguable. There are a lot of analyses that would indicate that layoffs hurt your company in the medium-to-long term, even if it props up your short-term prospects. There are plenty of companies still haven't done layoffs (Apple), or have even raised employee salary (Nintendo, Sega) to ensure that employees feel safe and continue to perform at high levels. If anything, it's irrational behaviour. Herd mentality, prioritizing the short-term, fear-based, etc.