Right. The _unspoken truth_ in all of these announcements is that _the CEO failed at their one job of keeping the company disciplined_ but it's the _rank and file_ who suffer the consequences of the "tough decision". It's a "not subtle at all" power check to calculated to intimidate the unfortunate people who remain. They've wanted to do this so bad for so long: it's why they kept feeding the media the weak "great resignation" narrative that they lapped up and regurgitated on HN and elsewhere.