Employee layoffs have nothing to do with the work a company has/intends to do.
A great video by Moon Channel, explains this and other things, about how the layoffs are 100% performative, to appease investors, in a literally manufactured hype cycle.
I personally think that the same goes for 100% 150% of all public statements these companies and their leaders make.
They don’t make sense, because they don’t have to. They’re not meant for you.
Here is an alternative Piped link(s):
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I’m open-source; check me out at GitHub.
This is off topic, but threatening the livelihood of hundreds of people to jerk off some investor douches who don’t give a shit about the actual medium is peak sociopathic capitalism.