All of these corporations laying off massive amounts of workers are not doing it because they are losing money. I’ve seen this over and over. They fire thousands, pay severance or whatever they offer, then re-hire the same jobs at a lower rate. They kick out those who have been there forever and are making a high wage in favor of those who will work for less. You can’t sue if you accept the severance agreement.
Keep fighting for higher wages if you are starting a new job!