That sounds like a great employer.

I only have anecdotal data but from recent discussions with friends who got laid off, they all lost trust in their company's leadership and losing arbitrary team mates has made them unhappy and reduced morale. I don't know if it's something special this time but if great teammates you worked with since before the pandemic are cut off while ones joining after and never having achieved or released anything remained (paraphrasing) does that. These layoffs seem haphazard.