I think you are right if it is the good managers being fired. If it is the bad managers being fired then it is 100% a good thing. A real world example is Steve

I think you are right if it is the good managers being fired. If it is the bad managers being fired then it is 100% a good thing. A real world example is Steve Jobs turning Apple around after Sculley nearly ran it into the ground. Jobs did it by firing most of middle management. Basically anybody who was not directly contributing to products. It worked.