It makes quite a bit of sense if the size of your market doesn't expand along with the new technology and you don't have a competitive advantage. Just because you have the capability to deliver more packages doesn't necessarily mean you'll have customers willing to pay you to deliver more packages.

> your market doesn't expand along with the new technology and you don't have a competitive advantage.

a.k.a the real reason for the layoffs. The underlying business is stagnant and unable to take advantage of the additional resources.

Strong businesses aim to grow revenue. Struggling businesses aim to cut costs.