"Clearly this failure demonstrates that a centralized system can not work and I have initiated a transition to turn this corporation into a worker-owned cooperative."

I'm kidding, of course. Layoffs rarely represent failure, they're usually just a cost cutting measure to increase profitability and make shareholders happy. They're just framed as failure every time because people take more kindly to "we had to lay 15% of employees off because of the economy" than "we had to lay 15% of employees off to meet our quarterly growth goals".