[muzani]

Very, very few companies do well after a large firing round. What I would look at is how they handled the firing. Did they do it respectfully? Did they apologize or did they blame the people who they fired? Is morale still high after the process? Did the founders handle the firing themselves or did they outsource it to someone?

Generally the companies that have done turnarounds after a firing round have done it respectfully. Often morale floors after a bad round, smart people leave, remaining people are unproductive. Combined with whatever reasons triggered the firing, most companies don't recover.