[james1071]

Translation:he wants everyone to work hard, to pay them little and fire them when he needs to cut costs some more.

[mjolk]

That's what I got from it as well.

He even threw in this "No true Scotsman:"

"If you’re a real startup person, this is the best time to be at Fab."

i.e. No true startup-loving engineer would think it's a bad time to be at Fab.