Far too many layoffs of veteran employees so people with no experience can be brought in at a much lower salary. These new people, through no fault of their own, end up poorly trained in their new positions, and unable to cope with the reality of what needs to be done at the company. Additionally, some of these layoffs have no rhyme or reason to them. They're being done simply to cut head count, and on occasions crucial departments are cut out despite nobody being left in the company with knowledge of the products they were in charge of. I'm sure the CEO might come on here to explain about "growing pains" and the like, or how these are "difficult decisions," but instead of cutting with a scalpel, he's used a chainsaw. The knowledge vacuum at the company continues to grow.