400+ CA layoffs again... what's the business justification?

Reading about the latest 400+ layoffs, all concentrated in California, and I'm just… confused. We're hearing about record revenue reports, and then these significant cuts happen. Is there a disconnect I'm not seeing? Are these strictly cost-saving measures in high-cost areas like CA, or is it a strategic shift that's not being communicated clearly to the rank and file? It's hard to reconcile the two narratives. Feels like a slap in the face to those impacted, and frankly, unsettling for everyone else. If the company is doing that well, why the continued personnel reductions? Looking for some honest takes here, beyond the official press releases. What's the real story behind these seemingly recurring cuts in the Golden State?