I didn't mean it's a management failure. The company was really put in a precarious position when it was spun off from government without change to employees' j

I didn't mean it's a management failure. The company was really put in a precarious position when it was spun off from government without change to employees' job-for-life statutory protections. With lots of debt piled on by previous management, management was not dealt a winning hand. Although the next set of execs managed to continue the turnaround. But yes, otherwise there are many other options besides downsizing, such as retraining or entering new markets geographically or vertically, all of which (to their credit) the same set of folks pursued as well. Similarly silicon valley companies are constantly threatened by obsolescence. I think today Facebook and Google would both be dead if they hadn't retrained a significant share of their workforce on mobile development a few years ago, and machine learning more recently.