What's the long-term play with these massive shifts?

So, the news about the 7/16 layoffs is pretty significant. Seeing numbers like X employees impacted is a lot. Reading between the lines, it sounds like a major strategic pivot is happening, with a big push into certain tech areas and a simultaneous downsizing in others. It feels like we're seeing a company trying to rapidly reshape itself. For those who are still there or who were recently let go, what's the sentiment? Is this seen as a necessary evil for future growth, or is it creating more anxiety about future stability? It's hard to reconcile layoffs of this scale with continued hiring in other departments. Makes you wonder where the long-term focus really is and if current roles are truly secure, even in the 'growing' areas. Anyone have insights into the broader company direction or how this is being communicated internally?