Jobs will always ebb and flow in a large corporation but unless they lost one or more major customers all at once, how can any corporation have that many excess people where they have to make these huge cuts all at once?
Such poorly planned job purges put a huge strain on other sectors to absorb those now unemployed especially in tough times.
I would be interested in seeing how many of these people are near retirement age.
Can't say, but in 2008 HP bought my employer of nearly 30 years and I got the axe at age 58. I still have some friends there, and hope they fare well.