It could be tasteless, but it is a regular cycle that has went on for years and years.
It being a pattern does not prevent discussion of it from being tasteless. That burden lies upon us, not on historical facts.
We are talking about people who might lose their jobs, in tough economic times, just before the holidays. Whether or not they can expect it coming does not magically make it a fun part of the season for them, or something.
This doesn't mean it cannot be discussed, but a certain amount of decorum and respect for those who may be affected is called for. The games are there for our amusement - the lives of the employees are not.