Economic excuses

Chatting with someone and they mentioned the company they work for keep sending out messages about how this crunch isn't affecting them, how they've made more profits then ever before, then fired half the work-force.

Stupid point #1: They're now getting agency staff in to do their jobs.
Stupid point #2: At least one of the laid-off workers received a standard compensation package was then told that the position that they'd been removed from was vacant at another branch and that they was a cinch for the job if they applied. So in effect they've paid him to transfer to another branch.