Winter is coming and FL/AZ and those other warmer states are starting to look nice right about now.
Toss them a bone and say they can remain on corporate health care or a contribution to retirement account is all it takes to push some into retirement.
For the company they get a few months to a year or so of reduced labor costs, make a statement to shareholders and others, then hire back in a new person that has no seniority at a lower wage once there is an uptick in operations. The former employee gets a few more months or years of retirement when they are healthier and able to enjoy it more.
I won't say this is always the case, sure there are mass layoffs as big plants shut down and shift production to other countries. That hurts people and families. More often in these smaller layoffs it is more of a case where they get enough volunteers to bite and it is a win win for everyone.
As others mentioned, with the wait times on the smaller stuff, some plants are busy. Not sure how much of their overall revenue stream is is made up by that smaller equipment. I also would rather avoid the tariff side of the discussion. That would be better discussed in other parts of the site.