No it isn’t. It’s first and foremost business. Secondly, the people who have been laid off have been given good severance packages.
There is no good reason for a company to burn through money by paying people who won’t turn a profit.
Equating this, in light of the generous severance pay, to a “dick move” is really myopic on a forum of a business accelerator company.
What are you here for exactly? To shitpost any time a company you don’t like does something you don’t like?