It may be a worse idea for the company (though I'm not sure - the US layoffs weren't based on performance). But, as far as I can tell, the response has not been "these suggestions are unacceptable for reasons X, Y, and Z, please propose additional suggestions" but instead has been "nah, we are just gonna do what we want."

I am blending the Zurich case with the UK case in my mind, though. There's a lot to keep track of here.