What are the speakers mainly discussing?

M1: What do you think of True Leaf Foods cutting more than 400 salaried jobs?
W: It’s totally ridiculous. My brother works there, and he says the company has been cutting costs by combining some of its plants and closing others.
M2: When are the cuts taking place? And what about the local distribution center? M1: I read in the paper that the majority of the cuts will be completed before the end of the year, with the remainder happening in January next year.
W: That’s right. My brother says that the company hasn’t said which locations have been identified for closure, but an announcement is expected by the end of this month.
M2: I know he has a family, so I hope things work out well for him. Tell him we’re thinking of him.
W: Thanks. That means a lot.