The article states at end of 2021 there were 7,000 employees. Assume an average annual cost per employee of $250k (salary+benefits) which might be on the conse

The article states at end of 2021 there were 7,000 employees. Assume an average annual cost per employee of $250k (salary+benefits) which might be on the conservative side. This means annual payroll is $1.75B and the cost cutting by laying off 25% (1750) means that would be reduced to $1.31B so about $430mil/year in reduced employee spend. Their 2021 financials indicated a $370mil loss, so this actually makes some sense if the new owner wants to prioritize profit. Setting aside who is involved and what they want to do to the platform (let everyone run amok, don't moderate til sued is my interpretation) this actually makes sense.