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Part of the deal with contractors is they're not supposed to be working there for years at a time, otherwise they're employees. Those layoffs might be justification for cycling people out to avoid having to convert them.

Adobe used to lay people off pretty much every winter to make their Q4 numbers look better, then hire many of the same folks back a few months later. It sucked. From what I've heard they don't do this is as much now that their business is subscription-driven.

Not even contractors sometimes.

I've seen full-time employees laid off at one point, given severance, told not to look "too hard" for a new job, companies reported numbers, and hired back the same people in the same roles a few months later.

Hopefully at a higher rate to make up for lost $$?