[mittermayr]

"if you're implying that you think good CEOs should layoff as few people as possible" — depends. It's all about the timing.

This letter didn't read (to me) like they're cautiously planning for the worst and therefore they need to make a hard decision and prepare to cut staff. It read like they're reacting to a storm that is already here. This, in my view, is not good timing. They've had the numbers for a long while now, everyone had the numbers for a good while now.

To cut 10% in one go strongly reads like they've already dragged it out.

I stand by my opinion that the management strategy here is not proactive but reactive. While that is clearly better than being paralyzed of course (I agree with you there), it's not necessarily a good sign of having things under control, no?

What's worse, to just set everyone on fire in a casual (not a quote) "you may or may not be let go, we'll see, but 10% of you are out" is also not a good way to handle it.