Some of those layoffs were certainly people supporting dead versions of Windows, and high-touch low-sophistication users with old broken-down computers. At some point, they/you were getting dropped as a customer and, checking the news, now is the time to do that.

(But most of these people were probably working on some Intuit Whatsit that you and I have never heard of. Every profitable software company has a bunch of products which failed to launch.)