Comment by e40

My guess: the people in your group have very high salaries and they want to dump them. I would not be surprised if they hire people to make a new team at some point in the future.

I run HR at a small software company reports and my HR person has a lot of friends in HR at FAANGs. For 10+ years we've been talking about hiring and salaries at Google (and others). It's just crazy to me how high salaries have gotten. I know someone that switched from Google to FB when they made $750k at Google and got $1M at FB.

I said all this to say: I've talked to a bunch of people over the last 6 months that know someone laid off and: 1) they had a very high salary, and 2) the group they were in was hiring.