Per the OP, this really isn't as bad for Federal as it appears at first glance. They laid off 110 of 1430 employees. I can say first hand, when factories are running at full output, some... less than ideal... employees tend to be retained, simply because the company needs every one of them to keep up with demand. Once the tempo slows a bit, (at least in my industry) the factory foreman starts going through the list of bad eggs that he has known about for some time. I have seen this happen more than once.
After eight full years of unprecedented demand, the firearms industry has finally caught the short end of the stick. Federal has laid off what amounts to 7.5% of one factory's work force. Going only by percentages, I would guess that more than half of those fired were the known bad eggs. The others were doubtless the lowest-performing of those who remained. As bad as this sounds, Federal will be a stronger company for this cutting of the fat.
On the other side of the coin, I know of some in my area who work on the coal industry, who were actively looking into other lines of work before the election. It was widely known that an HRC presidency would have been the final nail in the coffin of the coal industry. Now these same people are making big ticket purchases because of their new job security.