Comment by xenadu02

You have however many people who you seem to believe have no useful work to do in their current roles. You aren't bleeding money. Is that not the time to invest in new products? To take moonshots?

Is this not admitting that they simply can't come up with any new ideas to invest in? That their intellectual capacity has topped out?

Profitable companies laying people off like this tells me they're done innovating and now it is time to milk the cash cows for all they're worth.