I have heard several stories like this from my boss who worked at a previous place where he was asked to remove an entire team like you did. He says he will never forget it and is soul crushing. He tried his hardest to cut budgets and even found a few things were he was able to save the money and brought this to upper management where they had to break it to him that it didn’t matter what was saved, that wasn’t the point… people are just names on paper to them and if they decide this is what they want there is pretty much no stopping them. He then said he was there long enough after that where they realized it was an awful mistake and the work you get in return is not nearly as good as the original team you had so they had to hire new people back. It’s a never ending cycle these days.

I also work in IT Healthcare! It’s a brutal industry huh! Thankfully I have been with the same place for 19 years now, but it have witnessed it all. When I started we grew exponentially throwing money at everything, then the owner sold and I got to witness the “no changes expected” followed by everything changing. Then saw partners separate from us completely which was crazy work, and then the boom of covid followed by almost going belly up with massive layoffs for the past 2 years and consolidation of everything basically back to when I started in 2006!