Same happened to us at my job. Boss gave a big nervous speech recently about how we’re doing fine and not to worry and how the industry is suffering but we’re staying strong… yada yada going to retain everyone … have no reason to fire yada yada and the literal next week fired two employees for the stated reason of “not busy enough to retain”.

Everyone knew it was coming when he started the speech off with “I don’t want anyone to feel insecure about their jobs here”