400+ CA jobs cut again - any insights on the reasons behind this round?

Just saw the news about another 400+ folks losing their jobs in California. This is the second time this year, and it feels like it's becoming a pattern. The last time around, there was a lot of talk about restructuring and efficiency, but with revenue seemingly strong, it's hard to wrap my head around it. Are these targeted cuts within specific departments or teams? I've heard rumors about certain product lines being de-emphasized, but nothing concrete. Anyone with inside information or who has been impacted, can you share what you know? Trying to understand the bigger picture here, beyond just the numbers.