Total disregard for employees.
No severance.
No heads up for lay offs to provide time for job search.
Lay offs for convenience and added profit.
I was hired in September. I chose Vektrex from multiple offers despite lower compensation because I sold on job security. For a company with some 10 weeks of lead time for products which manufactures to order only, they should have a solid outlook for 2 to 3 months ahead. And then after just 8 weeks and just before Holidays, I am laid off since business is down. I had to wait until new year to find a new job. Meanwhile got zero severance. This was the longest period of no-income in my career of 32 years. So you should get a feeling for the value in management statements.