Anyone else still in shock after the June 17 cuts?

I’ve been with the company for over five years, and honestly, the morale here has hit absolute rock bottom. Getting the invite for the 'all-hands' meeting on Monday felt like a punch to the gut because we all knew exactly what was coming. Watching 639 of our colleagues lose their access in a matter of hours is just brutal. The leadership team keeps throwing around words like 'streamlining' and 'operational efficiency,' but it feels like we’re just cutting muscle to pay for failing initiatives that were never going to scale in the first place. I’m sitting here looking at my calendar, and half the meetings I had scheduled for this week are now orphaned because the leads were cut. It’s hard to stay focused when you’re constantly looking over your shoulder wondering if you’re next on the chopping block. For those who stayed, what’s the consensus? Are we just waiting for the next round in Q4, or is there any actual plan to pivot? My manager was useless during our 1:1, just reciting the same boilerplate HR script. If anyone has heard anything about how the remaining teams are being restructured or if there’s a total freeze on internal mobility, please share. I’m just trying to decide if it’s time to start polishing the resume or if I should hunker down and hope for the best.