> Being willing to switch employer for convenience does not make someone a good worker and it's not like bad hires can't change employer.

Your comment is really quite out of touch of how layoffs actually affect people.

I’ve been through a few rounds now. Morale is essentially destroyed in the short term. Your team suddenly has a lot more work with no additional support or even acknowledgement that people are now slammed.

It’s not inconvenience. It’s a significantly negative change in the work environment, and a sign that maybe your company’s long-term prospects aren’t great. Of course good people leave in these situations.