"Has the company had a layoff of any kind due to underperforming business in several years? Emphatically no."
Is that true?
As a former employee in Cirrus, I witnessed frequently re-org in a relatively short period of time(<2yrs). The most impressive one happened in Nov 2012, when Cirrus Logic shut down its Tucson office( Apex Department) and laid off most of the employees there. No one got any form of notice in advance. The office building was evacuated in 3 hrs. Based on the information I have, most of them had to leave Tucson to land a new job, including a fresh Validation Engineer who just graduated from college and started his career in Cirrus 1 week ago. Some were told that they may have chance to interview for opportunities in Austin site and relocate if they got the offer, however, only a few(<5) lucky people got the chance.
I don't know how you guys define "layoff of any kind due to underperforming business", or you can state that that large scale layoff was just a proactive re-org rather than a "layoff of any kind due to underperforming business". But don't forget there are job seekers who care about the stability of their further career, and they just want to know how the company treat the employees. Nobody can imagine such kind of misleading statement can be made by a responsible company that really cares about its employees/future employees.