You could also literally say 201 which is shorter than “more than 200”
It raise all sorts of weird questions. Was it three departments that was just shutdown, and that happens to be 201 people? Did they have a target salary cut, which just fit nicely with these exact people?
In reality it will always be some odd number of people getting laid off. It's just that when numbers get to specific it sounds like there's a point. Try telling someone that you want to lose 23,5kg. People will ask why 23,5?. Say you want to lose around 20kg, much fewer questions.