Bullshit. People get fired for making mistakes all the time, and this was a colossal fuckup. Instead of firing the people who fucked up they're punishing employees.
And lol at the pathetic war and climate change excuses. My company tried to pull the same bs explanation. There's always some war going on, Ukraine was invaded during the pandemic and that didn't stop these companies from going on a hiring spree back then.
Wake up, it's all a lie for PR. The only thing they give a shit about is servicing investor demands, and investors are a mob who don't know anything about running any individual business.
These execs will never admit that they were so stupid that they actually thought the pandemic demand level would be permanent, or that they were such a shill that they did know but overhired anyway because that's what investors yelled at them to do.
I haven't seen any of this in my state. California isn't the whole world