Reflecting on the recent Baker Hughes layoffs - what's the future look like?

So, 174 jobs gone at Baker Hughes, mostly in NW Houston, as reported on July 9th. It's a gut punch, no matter how you slice it. Seeing these numbers makes you wonder about the long-term stability and direction of the company. Are these cuts strategic, or are we looking at broader market pressures really squeezing the life out of things? For those of us still here, it's hard not to feel a bit of anxiety. Are we in for more of this? What are people's thoughts on what management is doing to steer the ship through these choppy waters? Curious to hear perspectives on potential shifts in strategy or market focus that might be driving these decisions. Anyone have insights or hear any whispers about what's next? Just trying to make sense of it all and figure out how to best position myself for whatever comes next.