[Blackstone4]

Yes but if you are management and you have been wanting to make changes and cut the fat, it was previously difficult to do layoffs without extensive negative coverage. Now you can do it and fly under the radar so it may be opportunistic in nature.

[jcadam]

A lot of this occurred in 2008 as well. Many of those jobs simply never came back, even after the economy recovered.

[robluxus]

> Many of those jobs simply never came back

What happened to the people? Did new jobs get created?