I worked for one of those companies for many years. The print market is shrinking and has been since the early 2000s. When they managed to make a profit, it was always in terms of lower revenue than the previous year. Layoffs were the only way to offset that lower revenue. So the acquisition makes sense. However, at the rate things are going, it’ll only be a few years until the combined market share is smaller than what either company has today. It’s inevitable.