Translates as "We did a terrible job with the first round of layoffs and didn't really explore all of our options and because we messed up then we have to lay off more of you now."
Wasn't this the company that announced they were laying people off based on race in the last round of layoffs? Looks like that turned out great for them, shocked they are laying more people off now. No mention of race in this announcement though.
Note [before I get torched here]: I am saying hiring and firing based on race is insane and should be based on talent and what skills you need for the job. I am in no way saying any race is better than any other race at anything.