I mean, a place can have a layoff while still hiring for other positions. Look at what happened with Activision/Blizzard earlier this year.
Regardless, people losing their job sucks. This shit is too common in the gaming industry and it immediately makes my mind jump to a layoff event when I hear of anyone losing their job in the industry.
Just because this person you know is looking for a job does not mean layoffs/restructuring is happening. Did they specifically tell you it was happening? If not, then you're just jumping the gun and assuming what you want to assume.