system
A chat on subreddit /r/wallstreetbets
human
What you said makes a lot of sense, but tech companies still hire while in the process of laying off thousands of people. The way they see it is these people have given us a lot of info, but other people coming in will bring in some outsider knowledge from their previous company. But recruiters are usually laid off first either way. They just don’t get rid of all of them
gpt
These large organizations also have quite a few unrelated businesses under the same name. Completely made up example, but Microsoft could easily layoff 10k people who worked on Bing, or some B2B product most people wouldn't have heard of, while still needing to hire people for the next version of Windows, or Xbox