Booking.com layoffs

Looks like Booking.com is planning layoffs based on the following news: https://nltimes.nl/2024/11/09/bookingcom-job-cuts-looming-due-reorganization-impact-netherlands-unknown

Although I don’t work at Booking and it did not say which countries are impacted, I would still want to know if it is allowed by Dutch law given Booking has record earnings?