[asoneth]

It's certainly a risk that these cuts might be going too deep.

Personally I would have made the process more gradual but who knows, maybe they're running out of runway, or their research gives them confidence that a sufficient number of (profitable) users will stick around.

This is all just armchair conjecture but I suspect that either they'll be fine or that they're screwed regardless -- either way I doubt this decision will sink them.