These layoffs really aren’t a sign of anything and wouldn’t be something regulators would care about in the first place. Layoffs happen after just about every company merger or acquisition. There will be redundancies, structure changes, budget changes. Some people get their positions shuffled, others just don’t have a good fit in the new scheme. Nothing to do with the health of the business or the competition impact on the industry. It definitely sucks for those impacted, and I hope they land on their feet soon.