Any good company continually looks for new talent, even when they have to let go some of the existing talent. I had the weird experience of coming to work for NetApp the Monday after their first layoff in history the previous Friday. Youch!

Having been at Intel when they were both laying people off and hiring, it is sometimes a function of corporate strategy shift, where the people you have can't fill the jobs that you want to have and their jobs are becoming irrelevant. Intel decided to get out of the DRAM business in '84 and those folks who did DRAM weren't the same kind as the ones who do CPUs apparently.

There are lots of other great places to work in Boston. Email me (see profile) if you're looking.