I wouldn't worry. This is nothing close to existential. Large companies like this use a downturn or bad quarter as an excuse to cull weak performers or just stop the unchecked needless growth that successful companies tend to have when no one's paying attention.
...or just stop the unchecked needless growth that
successful companies tend to have when no one's paying
attention
This is one of the most “HN” things I’ve ever read here. Thank you for making my day :)
And while hiring is easy, firing and laying off is hard. So the path of least resistance of an org is to grow larger than it needs to be, as long as there's profit or investment to feed it.