That is just the way of business in the 21'st century folks. People at the top make bad decisions, business falters or fails, cuts MUST be made. Who gets cut? Why the people who put the rubber to the road of course, the workers who do all they are allowed to do for thier employer, that's who.
Meanwhile the stupid bozos who made the bad decisions in the first place sit back, smoke thier cigars, go play golf, collect bonuses, get promoted but almost never get fired for incompetence or other reasons.
Someday maybe business will wake up and make the actual decision makers pay instead of the workers.