Some of us have got short memories: they did after all guarantee there'd be no redundancies during the downturn and they actually managed to keep that promise, largely. Some not so lucky at CX and SQ.
The lack of furloughs is deceptive. There were no formal layoffs, but due to the reduction in T&Cs, enough people left voluntarily (and IN-voluntarily) during that period that reductions were never needed and they were able to save face by pretending to actually keep a promise.