Very common.

I work for a factory that produces a type of heavy machinery that is in extreme demand. Any person with any semblance of foresight, would understand that in the near to medium term, this will be the case.

During COVID, there was a large dip(~30%) of orders. In the infinite wisdom of our business leaders, it was decided to shut us down. Coincidentally, our equipment was (supposed to be) transferred to our step-sibling factory, where most of the upper management is from… I say step sibling, although we make similar products, we come together due to a merger.

6 months after our supposed shutdown, after a lot of equipment has been transferred and a lot of good people have gone, suddenly demand was back to normal, and our customer are no longer asking how much our product costs, but if they can have one… and it turns out, our step-sibling can’t make our product very well.

It’s all politics, short-sightedness and personal greed, in upper management, UNLESS MAYBE, they founded the company(and still a big IF).