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I get why people are upset by the headline. It is written to provoke anger. Unfortunately, anger at the wrong issue.
I understand the argument that a large company can absorb the cost of workers they don't currently. Though it's unrealistic to expect them too.
I lived in the Quad Cities for a number of years. A large majority of people I know, both family and friends, worked for either Deere or Case IH - until they closed the plant in East Moline.
Layoffs are a yearly thing. Deere, Case, Caterpillar, they all hire a bunch of people in the beginning of the year and lay them off towards the end. It's typically around August or September, and they announce it in July. Everyone in the Quad Cities knows it. It is expected. Sometime early next year, they are going to hire these jobs back. The people who take these jobs go into it knowing this is going to happen.
It can suck being let go and some people might struggle with it. Those who are used to this cycle treat it as a well-paying seasonal job. Many already have something else lined up. This is only a single, anecdotal, data point, so take it with a grain of salt... one of my uncles works for Deere and is a bus driver for one of the school districts. He knows Deere is going to let him go by fall so he has the driving job for the rest of the year. In spring, he will go back to Deere.
Perspective is also important. Deere has somewhere between 80k and 85k employees. They are laying off < 1000 based on this story. That's the equivalent of a small, 80 person company hiring 1 person to get through the holiday season, then laying them off in January. Next year, they will do it again.
Headlines like this are nothing more than a distraction from real issues. For example, why does any company have multi-billions of dollars in profit to begin with? It just means they are charging more than they need to. The farmers who buy Deere equipment then have to charge more for their produce. Which means the stores have to charge more. Which means we pay more for our food. Deere's profits are leading to higher food prices for everyone. To me, that is more of an issue than 1/80th of their workforce being in a hire/layoff cycle.
You know it didn't use to be this way? There was a time when you could be 'A GE man'. You could work at a company for your whole life. You would not get laid off and rehired whenever it was convenient for the company, rather they'd show you some loyalty and you'd show them the same, this would be backed by employee profit sharing schemes, incentivising higher performance.
The heart of this deal between workers and management was ripped out when management chased higher share valuations, with stock bonuses for themselves instead of workers. It became cheaper to fire 1/80th of the workforce because you could break up unions that way, management could write off all those salaries to bump up the quarterly earnings, increasing the stock price and earning themselves bonuses at the expense of workers who as you said, just learn to get by.
Powell memo. That’s when it started.