To be fair, that's usually accurate - unlike someone getting fired because of their own performance, layoffs are usually untargeted, and include people that were great at their jobs.
And let's face it, getting fired is a huge stigma, so it's totally understandable that someone would phrase it like that, as the victim of the situation
It's hard to blame anyone for using the "soft" terms about their own situation, since firing tends to be a very sensitive topic. It's not hard to blame companies for using those same terms, since it comes off as "MBA-ish" and sleazy.