Can Visual Studio Code update imports when moving MULTIPLE typescript files?

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(Answering my own question for visibility/searchability.)

When I move a single typescript file in VS Code, it updates the imports of the whole project. But, if I move more than one file at a time, it leaves the imports untouched, breaking everything.

Is this expected behavior or a bug? If the latter, is there a known fix? Is there a setting to updating imports of multiple files I have to turn on?

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