Not exactly true. Has happened with so many companies recently(Google, Amazon, Coinbase etc..,). And it hits most employees hard since they might be someone who just got laid off. This is even harder with people on visas who might be running out of time to find a new job or leave the country. Also, this happens more in a tougher economic climate where the people with rescinded offers are left in a really hard place. A lot of people on visas might have also planned their exits a few months before since visa transfer and everything takes a while. And lot of companies with hiring freezes will 100% refuse to give your job back.
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