Pity also the people left . . .
The problem is that after a good two decades of Thatcherism, most companies are not actually running with a whole load of fat they can trim, and quite often the back office staff are already busy full time, regardless of whether the front end of the business is making money.
The expectation is, I suspect, that the remaining staff will pick up the extra workload and consider themselves lucky to have a job, which will work for the period where managers can use fear of unemployment as their main motivational tool, but in the long term, in will continue the process of ratcheting up the stress level of the typical British job.