Unfortunately, the company fell victim to being complacent and reactive rather than proactive. Until the company has better predictive data and develops stronger footholds in more recession-proof markets (which is going to take some time), the state of the company will always be in flux, with little certainty. As other posters have mentioned, the company went from "Everything is great!” to “We have to do mass layoffs” within a 3-month period. External factors do not cause a company to drastically reduce its size—a lack of foresight and planning does. Although we were told that the company would do everything in its power to keep people employed, it soon became apparent that this was not the case. There was also a lack of full transparency about the criteria for layoffs, with explanations often being vague. Although leadership did (eventually) take ownership of their mistakes, it was too little too late for those they laid off. I would expect this from other businesses, but I expected more from LifeLabs. This no longer feels like the same company that I initially joined, whether in values or size.