This fictional

is so stupid the Boog was spinning in his grave or urn.
Layoffs are part of life in much of the US economy. They aren't fun, just something to live through. I've lived through 5 layoffs plus a
move-or-move-on situation (the latter being move with the division to Orange County or find a new job ... I'm not in or near Orange County).
All were pre-Trump:* Some were due to poor manglement;
* Some were due to economic downturns;
* The
move-or-move-on was due to NIMBYs and anti-developer Libs/Progs keeping the cost of housing in the Bay Area crazy-high, making recruitment of new college grads more or less impossible.
There will be layoffs during the next Dem MalAdministration, even if nothing stupid is done
(speaking hypothetically, as an IRL Dem President will do stupid things to harm the US).