Frankly I think that's a naive take. I suspect in reality it'll come down to managers being told to cut some percentage of staff, and in many cases that'll come

Frankly I think that's a naive take. I suspect in reality it'll come down to managers being told to cut some percentage of staff, and in many cases that'll come down to everybody feeling the pressure of swords hanging over their necks. That is not a formula for the "worst performers" leaving or getting fired, it's more like a formula for chaos, nasty office politics, and people leaving just because they don't need that shit in their life.