Which "makes sense" since companies usually try to keep the team deciding who to lay people off very small for fear of leaks. So the n people at a small company making the decisions might know everyone but the same n people at a large company might barely even know the names of all the middle-managers much less all the individual contributors and how well they are each doing within their role.

Yeah, it was a bit of a surprise at first (not least because I was included, haha) but you’re right.